Portuguese 
Spanish 
Oil Prices Rose On Monday (10) Amid Expectations Of Reopening Of The US Government And Possible Recovery Of Demand In The World’s Largest Energy Consumer.
Oil prices began the week higher on Monday, November 10, 2025, driven by signs that the US government may finally end its historic shutdown. The move generated optimism among investors and analysts, who are betting on a gradual recovery of demand in the world’s largest oil consumer.
As of 7:08 AM (Brasilia time), January futures contracts for Brent were up 0.75%, trading at US$ 64.10 per barrel, while WTI for December was up 0.82%, reaching US$ 60.24. These numbers represent a partial recovery after the nearly 2% drop observed in the previous week.
Recent Drop And Supply Scenario Still Concern Investors
Despite the gains recorded on Monday, the market is still cautiously monitoring global oil supply behavior. Last week, the price of the barrel had retreated amid uncertainties about increasing international production.
-
Oil production grows in Rio, but reserve replacement raises a warning sign
-
Petrobras is expected to complete the drilling of the Morpho well in the Foz do Amazonas in August 2026, the first well in the Equatorial Margin, an oil frontier that the ANP estimates at more than 30 billion barrels and could redraw the map of Brazil.
-
Oil returns to the center of concerns with tension between the US and Iran
-
IEA reduces forecast for global oil demand in 2026 after impacts of the Middle East crisis
The OPEC+ decided to slightly increase production starting in December, which, combined with the rise in crude oil inventories in the United States, raised doubts about the balance between supply and demand.
Additionally, the recent decision by US President Donald Trump to grant sanctions exemption to Hungary — allowing the country to continue importing oil and gas from Russia for another year — has reinforced concerns about a possible oversupply in the global market.
Reopening Of The US Government May Heat Up Oil Demand
Even amid these tensions, optimism surrounding the reopening of the US government has invigorated investors. The US Senate voted 60 to 40 to end the longest shutdown in the country’s history, which had lasted 40 days.
The approval of a bipartisan legislation provides funding for most federal agencies through January, along with retroactive pay for civil servants affected by the closure. The bill is still headed to the House of Representatives, where it should be reviewed in the coming days.
The expectation is that the full reopening of the government will stimulate sectors that consume large volumes of energy, such as transportation and industry, boosting demand for oil and its derivatives in the short term.
Dollar Weakens And Boosts Oil Gains In The International Market
Another factor that contributed to the upward movement was the drop of the dollar in the European market. The American currency lost strength following signs of political progress in Washington, which usually favors dollar-denominated commodities, such as oil.
With more favorable exchange rates, foreign investors felt more inclined to resume positions in the energy sector, reinforcing the sentiment of price recovery.
Analysts highlight, however, that the balance between demand recovery and supply will still be crucial in determining the market’s direction in the coming weeks.
Oil, once again, reflects the sensitivity of the political and economic landscape in the United States — a factor that continues to directly influence the global behavior of energy commodities.
