Oil market outlook shows rising supply and slowing demand
after close1 source ↓written by the desknot a recommendation
- after new U.S
- 5%
- on 29 Oct
- $65/bbl
- in 2025Q3
- 0.8 mb/d
Oil prices rose 5% after new U.S. sanctions on Russian oil, closing at $65/bbl on 29 Oct 2025. However, ongoing trade tensions and excess supply led to a decline in prices throughout the year. Global oil demand growth weakened, increasing by only 0.8 mb/d in 2025Q3, raising concerns for traders.
Not investment advice. For informational purposes only.