07 Oct 2025 | 5 Mins Read
Oil prices hold steady amid OPEC output hike concerns over supply glut
Flipitmoney
Oil prices steady on Tuesday, with Brent crude at $65.48 and U.S. WTI at $61.69 a barrel. OPEC+ agreed to a smaller-than-expected 137,000 bpd output hike in November, staving off fears of a larger surplus. Geopolitical tensions, such as the Russia-Ukraine conflict, kept prices steady, but weak demand and a potential supply glut continue to pressure oil prices.