DZWatch, October 17, 2025 – Oil prices experienced a slight decline in early trading Friday, fueling speculation of potential weekly losses. The dip comes amid ongoing concerns about a possible oversupply in the global market.
Brent crude futures fell to $60.98 a barrel, down eight cents (0.13%) on the day. West Texas Intermediate (WTI) crude futures also saw a decrease, dropping nine cents (0.16%) to settle at $57.37 per barrel.
Both benchmark crudes are on track to record weekly losses of approximately three percent. This downward trend is largely attributed to projections from the International Energy Agency (IEA), which anticipates ample supply in the coming year.
The downward pressure on prices follows a more significant drop of over one percent during Thursday’s trading session. Further contributing to the market sentiment, the U.S. Energy Information Administration (EIA) reported a substantial increase in U.S. crude oil inventories, showing a rise of approximately 3.5 million barrels.
Analysts suggest that the combination of rising inventories and the IEA’s forecast are weighing heavily on investor confidence. The market will be closely watching upcoming economic data and geopolitical developments for further indications of future price movements.
The impact of these price fluctuations on the global economy remains to be seen, but DZWatch will continue to provide up-to-date coverage and analysis.
