Crude Oil Prices Decline Significantly as Global Supply Worries Diminish

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Aug 26 2025

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Source: NASDAQ.COM

Crude Oil and Gasoline Price Trends: October WTI crude oil and RBOB gasoline prices fell on Tuesday due to easing global supply concerns after Russia announced the restart of a major refinery following repairs from a drone attack.
Economic Indicators Supporting Prices: A weaker dollar and positive US economic data, including an increase in capital goods orders and consumer confidence, provided some support for crude prices despite overall declines.
Supply Dynamics and OPEC Production: Concerns about increased OPEC production and rising crude oil stored on tankers contributed to bearish sentiment in the market, with OPEC+ planning to gradually restore significant production levels by 2026.
US Inventory Reports: The consensus anticipates a decline in US crude and gasoline inventories, while recent reports indicated that US crude oil production remains slightly below record highs, alongside a decrease in active oil rigs.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Crude Oil Prices Decline Significantly as Global Supply Worries Diminish

About the author

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