Global crude oil benchmarks traded slightly weaker in early Wednesday activity, reflecting a cautious tone across energy markets as traders assessed demand fundamentals against persistent oversupply concerns.
West Texas Intermediate (WTI) crude for October 2025 delivery slipped 0.19 percent, or 12 cents, to settle at USD 63.36 per barrel as of 6:00 a.m. EDT. Brent crude, the international benchmark, was also marginally softer, with November 2025 contracts easing by 0.04 percent, or 3 cents, to USD 66.96 per barrel at the same time.
The subdued movement highlights the delicate balance shaping oil markets in recent weeks. Prices have been pressured by signs of slowing demand growth in the United States following the summer driving season, while the resumption of additional output from OPEC+ members continues to add to supply-side anxiety. Analysts noted that even small fluctuations in prices underscore the market’s sensitivity to evolving signals, particularly as concerns mount over macroeconomic headwinds, including weak manufacturing data in Europe and softening fuel consumption across Asia.
Despite the slight declines, crude values remain within the narrow trading range seen over the past several weeks, with both benchmarks consolidating around their mid-60s levels. Market participants suggested that unless fresh geopolitical developments or unexpected supply disruptions occur, crude prices may continue to drift sideways, awaiting firmer cues from inventory reports and upcoming OPEC+ decisions on output strategy.
