Oil prices settle near $60 a barrel

Business Nov 11, 2025

Oil prices have settled near $60 a barrel.
The market's gotten less tight, with the WTI futures spread shrinking to its lowest since February—basically, there's more oil to go around and less pressure on prices.

IEA warns of record oil surplus in 2026

The International Energy Agency is warning of a record oil surplus in 2026, thanks to rising production from all sides.
This year alone, US oil futures have slid about 16%—not just because of extra supply but also due to shifting OPEC policies and disruptions like sanctions on Russian energy firms.
If you're wondering why gas prices aren't spiking or what's behind all the price changes at the pump, this is it: more oil, more uncertainty, and a market that's still figuring itself out.