For the week ending November 8, Brent and WTI net long positions decreased by 41 million barrels (15%), with WTI net longs falling by 18 million barrels and Brent net longs by 23 million barrels. The Brent price increased by $2.72 (4%) from $72.28 to $75.01, while WTI's price increased by $1.43 from $68.39 to $69.82. Despite these increases, international crude oil prices settled down more than 2% in the previous session on November 17 due to concerns over weaker Chinese oil demand and potential slowing of U.S. Federal Reserve interest rate cuts. Brent crude futures settled at $73.30 per barrel on November 18, up $2.26 (3.18%), and WTI crude futures settled at $69.16 per barrel, up $2.14 (3.19%).