Back to today’s briefing

Story perspectives

Oil Prices Steady Amid U.S. Sanctions and Surplus Forecast

10/31/2025

37 9

Summary

Story summary

Oil prices stabilized on October 29, 2025, with Brent above $64 and WTI near $60, as the International Energy Agency forecasts a record surplus by 2026.
Investors are assessing the impact of U.S. sanctions on Russian oil producers, notably Rosneft and Lukoil.
Indian refiners are reconsidering Russian fuel purchases due to these sanctions.
The U.S. Federal Reserve's recent rate cut may influence commodity investments.

1 of 1

Story summary

Oil prices stabilized on October 29, 2025, with Brent above $64 and WTI near $60, as the International Energy Agency forecasts a record surplus by 2026.
Investors are assessing the impact of U.S. sanctions on Russian oil producers, notably Rosneft and Lukoil.
Indian refiners are reconsidering Russian fuel purchases due to these sanctions.
The U.S. Federal Reserve's recent rate cut may influence commodity investments.