Oil prices slipped early Wednesday as traders weighed signs of uneven global demand and ongoing concerns about economic growth. Both major benchmarks, West Texas Intermediate (WTI) and Brent, registered modest declines in early morning trading, reflecting a market that remains sensitive to shifts in sentiment and macroeconomic signals.
WTI crude for October 2025 delivery traded at USD 63.47 per barrel at 6:04 a.m. EDT, down 58 cents, or about 0.91%, from the previous close. The U.S. benchmark faced selling pressure as participants reacted to mixed economic data and the prospect of continued uncertainty in global energy demand heading into the final quarter of the year.
Meanwhile, Brent crude for November 2025 settlement eased 57 cents, or roughly 0.84%, to USD 67.38 per barrel at the same time. Market watchers noted that while supply fundamentals remain relatively stable, traders are factoring in the potential for weaker consumption growth in key economies, including China and parts of Europe, alongside shifting expectations around central bank policies.
Analysts say price action in the coming days will hinge on upcoming inventory reports, OPEC+ production signals, and broader macroeconomic indicators. For now, the slight pullback underscores how quickly sentiment can shift in a market that remains closely tied to global economic outlooks.
