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https://www.instagram.com/vanessaclarkipaiThis is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.Welcome to the Daily Crude Oil Price Tracker. I am Vanessa Clark, here to bring you the latest news, insights, and market commentary on crude oil prices and what is shaping this fascinating commodity as we head into the close of Tuesday, November 4, 2025.Let us dive straight into today’s prices. Crude oil is currently trading at about sixty dollars and twenty cents per barrel. That marks a drop of nearly one and a half percent from yesterday, and it has trended lower by a little over two percent for the month. If you have been paying attention this year, you will know that this is down more than sixteen percent compared to the same time last year. So, what is driving the action?A major headline is the recent OPEC Plus decision. The coalition of oil producers, including heavyweights like Saudi Arabia and Russia, agreed on a small production increase for December by about one hundred thirty seven thousand barrels per day. More importantly, they revealed that there will be no further production hikes from January through March. The goal here is to balance seasonal drops in demand and ease concerns about a possible oversupply, especially with the recent murmurs that we could see an oil market surplus in twenty twenty-six.Despite all the talk of oversupply, some industry leaders are not convinced there will be a glut next year. For example, the U.S. Deputy Secretary of Energy and the CEOs of Eni and TotalEnergies all recently pointed out, at the big ADIPEC conference in Abu Dhabi, that energy demand is rising, and India, in particular, is emerging as a key driver. The belief is that even with China’s demand growth slowing, global needs remain robust, and the supply picture is not as clear as some forecasts suggest.Geopolitical risks are also making headlines. U.S. sanctions on Russian oil majors like Rosneft and Lukoil are tightening. Over the weekend, a Ukrainian drone strike set a Russian tanker ablaze at the Black Sea port of Tuapse, damaging one of Russia’s key refineries. These disruptions, combined with ongoing tensions, are keeping supply jitters in the headlines.What does all this mean for you, whether you are an investor, a business owner, or just someone watching energy prices? The key takeaway is that crude oil prices remain highly sensitive to both supply and demand shifts, OPEC Plus policy moves, and global geopolitical tensions. While prices have pulled back this year, upcoming months could see renewed volatility depending on how these factors unfold.Here are a couple of practical tips for those tracking oil markets or making energy-related decisions. First, keep a close eye on OPEC Plus announcements, as their production plans directly influence price action. Second, monitor global news for shifts in demand, especially from major economies like India and China. And third, do not ignore geopolitical events, as supply disruptions can create sharp price swings even when the fundamentals suggest balance.Thanks for joining me on the Daily Crude Oil Price Tracker. Be sure to subscribe, as I will continue bringing you the key developments and actionable insights that matter most in the world of crude oil. Tune in next time for more updates with me, Vanessa Clark. Have a great day and keep tracking those prices.For more http://www.quietplease.aiCheck out Vanessa on Instagram https://www.instagram.com/vanessaclarkipaiFor some deals, check out https://amzn.to/4hSgB4rThis content was created in partnership and with the help of Artificial Intelligence AI