Crude Oil down around 3% in Oct-25

WTI Crude oil prices slipped toward $60 per barrel by the end of October and is poised to close the month over 3% lower amid surging global output ahead of the OPEC+ policy meeting. Throughout 2025, oil has struggled to find firm footing, trading in a wide range between $80.77 and $55.12 per barrel. Despite intermittent rebounds driven by geopolitical tensions, the broader trend has remained distinctly bearish. WTI crude has plunged nearly 25% year-to-date from its January highs near $81, as mounting evidence of oversupply, record output levels, and slowing global demand continued to suppress sentiment.

Powered by Commodity Insights