# Oil settles higher on large drop in US stockpiles, trade optimism | Reuters

> Oil prices settled higher on October 29 after EIA data showed US crude, gasoline and distillate stocks fell more than expected last week. Brent rose 52 cents to $64.92 and WTI gained 33 cents to $60.48, with Trump's optimism ahead of talks with Xi also easing economic concerns.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/22560-oil-settles-higher-on-large-drop-in-us-stockpiles-trade-optimism-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Larger-than-expected US inventory draws tighten near-term supply and support diesel and crude prices, which feed into energy costs for feed mills and transport.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-edges-up-us-crude-inventory-draw-2025-10-29/

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