Oil prices hit 3-wk low on oversupply fears; US shutdown end brings little cheer

On November 13, 2025, oil prices dropped to a three-week low, driven by concerns over oversupply in the market. This decline reflects broader economic anxieties, particularly as the recent end of the US government shutdown has failed to inspire confidence among investors. The situation underscores the fragility of the market, where even political resolutions do not guarantee stability. As the oil market grapples with these challenges, the implications for global economies and energy prices remain significant, emphasizing the need for careful monitoring of supply dynamics and geopolitical developments.