Oil Prices Steady as Markets Weigh OPEC Output and US Inventories

IStock

An oil field.

Oil prices held steady on Wednesday, 1 October 2025, as investors assessed the impact of potential OPEC+ output increases against signs of rising US crude stockpiles.

By mid-morning, Brent crude futures were trading at $66.31 a barrel, while US West Texas Intermediate (WTI) stood at $62.63. The figures reflect a pause after recent declines, with markets balancing supply-side developments and demand concerns.

Analysts note that expectations of an OPEC+ production rise, combined with higher American stockpiles, are putting downward pressure on prices. However, ongoing geopolitical tensions continue to limit losses, keeping prices in a narrow range.



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