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Oil prices slide as robust supply offsets Fed cut
Business World Philippines
|September 22, 2025
Oil prices dropped on Friday as worries about large supplies and declining demand outweighed expectations that the year’s first interest-rate cut by the US Federal Reserve would trigger more consumption.
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Brent crude futures settled at $66.68 a barrel, down 76 cents or 1.1%. US West Texas Intermediate (WTI) futures finished at $62.68, down 89 cents or 1.4%.
Both benchmarks rose for a second consecutive week.
“Oil supplies continue to remain robust and OPEC is reducing its oil production cuts,” said Andrew Lipow, president of Lipow Oil Associates. “We haven’t seen an impact on Russian crude oil exports” from sanctions.
Cette histoire est tirée de l'édition September 22, 2025 de Business World Philippines.
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