WTI Crude Oil Prices Rose To $61 Per Barrel
Photo by Maria Lupan on Unsplash
By Tuesday’s close, the Dow Jones Index (US30) gained 1.18%. The S&P 500 Index (US500) rose by 0.21%. The Nasdaq (US100) closed lower at 0.25%. Investors shifted away from technology stocks into “blue chips” and cyclical sectors amid expectations that the House of Representatives will approve the funding agreement and the government will reopen as early as Wednesday. Progress on the bill in the Senate improved sentiment in economy-sensitive industries. Investors hope that reopening the government will allow delayed macroeconomic data to be released and support short-term growth prospects.
European stock markets rose yesterday. Germany’s DAX (DE40) gained 0.53%, France’s CAC 40 (FR40) closed up 1.25%, Spain’s IBEX 35 (ES35) rose by 1.27%, and the UK’s FTSE 100 (UK100) closed positive 1.15%. The ZEW Economic Sentiment Index for the Eurozone in November 2025 climbed to 25 points, above market expectations (23.5 points), indicating cautious optimism among analysts. The assessment of the current economic situation also improved, rising by 4.5 points, but remained negative at 27.3. This means analysts still view the Eurozone economy as weak, though less bleak than a month ago.
WTI crude oil prices rose to $61 per barrel, extending gains for the third consecutive session. Support came from expectations of a swift end to the record-long 42-day US government shutdown: the Senate approved temporary funding, and the House will review the bill on Wednesday. Optimism boosted interest in risk assets and commodities overall. On the supply side, limiting factors emerged. The US sanctions against major Russian oil companies have begun to affect logistics: seaborne shipments of Russian oil have declined for the third week in a row. This creates a risk of reduced supply in the global market.
The US natural gas prices (XNG/USD) rose by 5% to $4.54 per MMBtu – the highest since December 2022. The increase was driven by bets on a colder December and higher electricity demand, despite temporarily mild weather expected next week. In November, deliveries to the eight largest US LNG plants averaged 17.8 billion cubic feet per day, above October’s record of 16.7 billion. Meanwhile, Europe is increasing imports from the U.S. to reduce dependence on Russian gas.
Asian markets mostly declined yesterday. Japan’s Nikkei 225 (JP225) fell by 0.14%, China’s FTSE China A50 (CHA50) dropped 0.56%, Hong Kong’s Hang Seng (HK50) added 0.18%, and Australia’s ASX 200 (AU200) closed down 0.19%. At the end of the week, final Q3 GDP data for Hong Kong will be released, with preliminary estimates signaling moderate improvement in economic dynamics.
Indonesia’s central bank expects the economy to grow about 5.33% in 2026. According to the Bank Indonesia Governor, growth could reach the government’s target of 5.4% if budget spending accelerates and fiscal stimulus is more actively deployed. The inflation prognosis for 2026 remains moderate at around 2.62%. The rupiah is expected to average near 16,430 per dollar.
- S&P 500 (US500) 6,846.61 +14.18 (+0.21%)
- Dow Jones (US30) 47,927.96 +559.33 (+1.18%)
- DAX (DE40) 24,088.06 +128.07 (+0.53%)
- FTSE 100 (UK100) 9,899.60 +112.45 (+1.15%)
- USD Index 99.48 -0.11% (-0.11%)
News feed for: 2025.11.12
- German Consumer Price Index (m/m) at 09:00 (GMT+2).
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