Oil prices rise on hope US shutdown ends after 40 days
On November 10, oil prices rose on hopes the US government shutdown, now in its 40th day, will end soon. Brent crude futures climbed 47 cents (0.74%) to $64.10 per barrel and WTI rose 50 cents (0.84%) to $60.25 per barrel. (reuters.com)
Indian refiners, affected by sanctions on Russian supply, accelerated sourcing from the Middle East and the Americas, doubling ship-based inventories near Asia. (reuters.com)
OPEC+ agreed to a modest November output increase and paused further hikes in Q1 2026, limiting supply-driven price gains.
What to watch next: US EIA crude inventory report and progress in US budget talks.
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