Crude oil gains in asia as traders await opec and iea market outlooks

Oil prices gained in Asian trade, with WTI crude moving above $60 a barrel and MCX November futures climbing over 1% to ₹5352. Investors awaited fresh insights from the upcoming OPEC and IEA reports amid renewed debate over the global supply-demand balance. OPEC and its allies have started easing production cuts, while rising US output adds to oversupply risks. At the same time, US sanctions on Russia?s Rosneft and Lukoil have disrupted trade flows, pushing nations like China and India to seek alternate sources. The dollar index hovered near 99.4 after the US Senate passed the first phase of a deal to end the government shutdown.

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