# AMERICAS OIL: US OIL: October 23 - Americas End o...- 10-23-2025 | MNI

> WTI futures rose to a two-week high after the US sanctioned Lukoil and Rosneft. Both prompt and longer-dated spreads rallied, with Dec25-Dec26 moving into backwardation. Indian refiners said the sanctions will make it hard to keep buying Russian crude, and China's majors are showing reluctance toward Russian barrels.

- Date: 2025-10-23 · published 2025-10-23T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/10178-americas-oil-us-oil-october-23-americas-end-o-10-23-2025-mni
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Loss of Indian and Chinese demand for Russian barrels could force other suppliers to supply more. The backwardation signals tight prompt supply and supports near-term crude prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-10-24 | [Week Ending October 24 \| Aegis Market Insights](https://feedsoft.ai/events/9408-week-ending-october-24-aegis-market-insights.md) | -1.8% | -4.0% |
| WTI | 2024-09-30 | [Latest Oil Market News and Analysis for October 1 - Bloomberg](https://feedsoft.ai/events/28477-latest-oil-market-news-and-analysis-for-october-1-bloomberg.md) | +9.1% | +5.0% |
| WTI | 2019-04-22 | [Oil surges as US says it will end Iran sanctions waivers](https://feedsoft.ai/events/9605-oil-surges-as-us-says-it-will-end-iran-sanctions-waivers.md) | -1.1% | -1.9% |
| WTI | 2023-09-25 | [MYR ENDS HIGHER vs USD AS OIL PRICE RISES   – Alpha Southeast Asia](https://feedsoft.ai/events/34370-myr-ends-higher-vs-usd-as-oil-price-rises-alpha-southeast-asia.md) | +0.9% | -1.1% |
| WTI | 2026-09-06 | [OPEC+ keeps oil output policy unchanged for October](https://feedsoft.ai/events/17378-opec-keeps-oil-output-policy-unchanged-for-october.md) | +9.3% | +3.6% |
| BRENT | 2025-10-24 | [Week Ending October 24 \| Aegis Market Insights](https://feedsoft.ai/events/9408-week-ending-october-24-aegis-market-insights.md) | -1.7% | -4.0% |
| BRENT | 2024-09-30 | [Latest Oil Market News and Analysis for October 1 - Bloomberg](https://feedsoft.ai/events/28477-latest-oil-market-news-and-analysis-for-october-1-bloomberg.md) | +9.6% | +5.6% |
| BRENT | 2019-04-22 | [Oil surges as US says it will end Iran sanctions waivers](https://feedsoft.ai/events/9605-oil-surges-as-us-says-it-will-end-iran-sanctions-waivers.md) | +0.4% | +2.4% |

## Sources

- mnimarkets.com: https://www.mnimarkets.com/articles/us-oil-october-23-americas-end-of-day-oil-summary-crude-surges-1761244518349

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.