Oil Steadies As Narrowing Spreads Point To Softer Conditions

West Texas Intermediate was near $60 a barrel after rising 0.6% on Monday, while Brent closed near $64.

Bloomberg News

Published On

11 Nov 2025, 06:23 AM IST

Last Updated On

11 Nov 2025, 06:23 AM IST

WTI’s prompt spread — the difference between its two nearest contracts — has narrowed to 9 cents a barrel in backwardation. (Source: Bloomberg)

Oil steadied as traders tracked softening market metrics and waited for reports that may give clues about an impending global surplus.

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