Oil quotations fell by 3.3% in a day in anticipation of an OPEC decision.

Published Sep 30, 2025

Tridge summary

Oil prices fell by 3.3% in a day amid expectations of an OPEC decision to increase crude oil production volumes.

Original content

Successful operations by Ukrainian military at Russian oil refineries and oil bases, as well as an attack on an oil loading complex in a Black Sea port, led to a rise in oil prices last week. However, yesterday, prices fell by 3.3%, almost entirely erasing the previous gains. Ukraine's strikes on Russian oil infrastructure reduced the total oil exports from Russia in the first 15 days of September to 1.94 million barrels per day, which is the lowest monthly average in over 3.25 years. November futures for Brent crude oil fell by 3.3% to $67.1 per barrel yesterday (+1.7% for the week, 0% for the month). Crude oil and gasoline prices fell sharply on Monday due to forecasts of an increase in crude oil production by OPEC+ members at a meeting scheduled for October 5, which will contribute to an increase in global oil supplies. A decrease in demand for crude oil from India, the world's third-largest crude oil importer, negatively affects prices. Recall that crude oil imports to India ...
Source: Graintrade

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