Current oil price movements: Brent crude up 70 cents to $72.98 WTI crude up 68 cents to $69.11 Partial recovery from recent sharp declines Factors influencing prices: Stronger US dollar (at one-year high) Concerns about rising supply Slow demand growth expectations Underwhelming Chinese economic stimulus US economic indicators: October inflation in line with expectations US 10-year Treasury yields rally 10-year break-even inflation rate at 2.35% Potential for shallow Fed rate-cut cycle into 2025 OPEC+ and demand forecasts: OPEC continues to revise demand forecasts downward IEA predicts global oil surplus in 2025 US and other non-OPEC production outpacing demand Market analyst views: Hashad (Noor Capital): Multiple factors driving recent declines Wong (OANDA): "Concoction of weak demand factors" Concerns about reduced liquidity for oil demand increase #OilPrices #CrudeOil #WTI