Oil Declines Again After API Reports Stockpile Increase

By News Desk on December 3, 2025

Singapore: Oil prices fell for a second straight session today amid mounting concerns over a potential supply surplus, driven by rising crude and fuel inventories.

Brent crude futures declined 13 cents, or 0.21%, to $62.32 a barrel, after dropping 1.1% in the previous session.

US West Texas Intermediate (WTI) crude slipped 12 cents, or 0.20%, to $58.52 a barrel, following a 1.2% decline on Tuesday.

The American Petroleum Institute (API) reported an increase in US crude and fuel inventories last week, reinforcing expectations of oversupply in the market.

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