- September 30th, 2025
Oil Extends Drop as Traders Weigh Oversupply Ahead of OPEC+ Meet
Oil slid for a second session as the market weighed a looming oversupply. ›
Oil slid for a second session as the market weighed a looming oversupply. ›
Oil prices dropped on Monday after Iraq’s Kurdistan region resumed crude oil exports via Turkey over the weekend, coupled with OPEC+ plans for another oil production hike in November, adding to global supplies. ›
Oil prices edged up on Friday, on track to climb more than 4% for the week, as Ukraine’s attacks on Russia’s energy infrastructure prompted Moscow to curb fuel exports and brought it close to cutting crude output. ›
Oil prices eased in Asian trade on Thursday, retreating from the previous session’s seven-week high, as investors took money off the table in anticipation of slower winter demand and the return of Kurdish supplies. ›
Oil prices declined for a fifth consecutive session on Tuesday, as a preliminary agreement reached between Iraq and Kurdish regional governments to restart an oil pipeline added to oversupply concerns. ›
Oil prices gained on Monday supported by geopolitical tensions in Europe and the Middle East, although the prospect of more oil supply and concerns about the impact of trade tariffs on global fuel demand weighed. ›
Oil prices fell on Friday as worries about fuel demand in the United States outweighed expectations that the year’s first interest rate cut by the Federal Reserve would spur greater consumption. ›
Oil prices declined for a second session on Thursday, after the Federal Reserve cut interest rates as expected and traders focused on concerns about the U.S. economy and excess supplies. ›
Oil prices eased slightly on Wednesday, after rising more than 1% in the previous session, though ongoing geopolitical jitters provided a floor for the market while traders also awaited an expected interest rate cut from the U.S. Federal Reserve. ›
Oil prices edged up on Tuesday, extending previous session gains, as markets contemplated potential supply disruption from Russia after Ukrainian drone attacks on its refineries as well as the prospect of a U.S. central bank interest rate decision. ›