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Commodity Mid Session News

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(04 Oct 2025, 15:10)

Weekly Crude Oil Review: WTI futures slide to four-month low, US oil storage rises

WTI crude futures fell towards $60 per barrel, marking a four-month low as reports suggested OPEC+ may consider another supply increase at its upcoming meeting. Crude oil inventories in the United States increased by 1.8 million barrels during the week ending September 26, after shrinking by 600,000 barrels in the week prior, according to new data from the US Energy Information Administration (EIA) released. The increase brings commercial stockpiles to 416.5 million barrels according to government data, which is still 4% below the five-year average for this time of year. For total motor gasoline, the EIA reported an increase of 4.1 million barrels, after the week prior’s 1.1-million-barrel decrease. The most recent figures showed average daily gasoline production decreasing to 9.3 million barrels. WTI Crude oil lost around 7.60% in last week.
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