Overview

• Brent hovered near $65.70 and WTI traded above $62 early Thursday after a three-day slide to multi-week lows.
• G7 finance ministers pledged to increase pressure on buyers and facilitators of Russian oil, signaling tighter enforcement against circumvention.
• The Wall Street Journal reported the U.S. will provide Ukraine with intelligence for long-range strikes on Russian energy infrastructure, raising disruption risk.
• Price gains were capped by talk that OPEC+ could lift November output by up to 500,000 barrels per day, a move reported by sources and denied by OPEC in separate coverage.
• U.S. EIA data showed crude stocks rose by 1.8 million barrels last week as refining activity and demand softened, adding to caution alongside government shutdown worries.