01 Oct 2025 | 5 Mins Read
Oil market stabilizes as OPEC and US inventory levels impact prices
Flipitmoney
Oil prices steadied due to shrinking US crude inventories. Brent crude rose 12 cents to $66.15 a barrel, while US West Texas Intermediate crude rose by 12 cents to $62.49 a barrel. US crude stocks fell by 3.67 million barrels, but gasoline and distillate inventories rose. OPEC+ may agree to increase oil production by 274,000 to 500,000 barrels per day in November.