# Oil slumps to 16-week low on U.S. shutdown and possible OPEC+ plans

> Oil fell for a third straight day to a 16-week low on Oct 1 as a U.S. government shutdown raised global economic worries. Brent settled at $65.35 and WTI at $61.78, while OPEC+ may raise November output by up to 500,000 bpd.

- Date: 2025-10-01 · published 2025-10-01T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/23037-oil-slumps-to-16-week-low-on-u-s-shutdown-and-possible-opec-plans
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak crude and demand fears pressure energy-linked costs and biofuel economics, while a possible large OPEC+ hike adds to bearish supply expectations.

## Read by commodity

- DXY: neutral
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-03-14 | [Oil falls to three-month low on inflation worries, U.S. bank shutdowns](https://feedsoft.ai/events/37044-oil-falls-to-three-month-low-on-inflation-worries-u-s-bank-shutdowns.md) | -9.5% | +9.1% |
| WTI | 2017-06-15 | [Oil and U.S. dollar conspire to push down loonie as this week's gains lose some loft - Financial Post](https://feedsoft.ai/events/70741-oil-and-u-s-dollar-conspire-to-push-down-loonie-as-this-week-s-gains-lose-some.md) | -5.1% | +2.9% |
| WTI | 2021-08-31 | [Oil settles down 1% as U.S. refineries shut; Washington pushes OPEC to pump more \| Reuters](https://feedsoft.ai/events/45721-oil-settles-down-1-as-u-s-refineries-shut-washington-pushes-opec-to-pump-more.md) | -1.2% | +8.9% |
| WTI | 2022-07-06 | [Oil slides 2% to 12-week low on fears of global recession](https://feedsoft.ai/events/12613-oil-slides-2-to-12-week-low-on-fears-of-global-recession.md) | -3.8% | -4.6% |
| WTI | 2024-07-30 | [Oil prices slide 1%, settle at 7-week low on China worries](https://feedsoft.ai/events/29441-oil-prices-slide-1-settle-at-7-week-low-on-china-worries.md) | -3.7% | +1.7% |
| BRENT | 2023-03-14 | [Oil falls to three-month low on inflation worries, U.S. bank shutdowns](https://feedsoft.ai/events/37044-oil-falls-to-three-month-low-on-inflation-worries-u-s-bank-shutdowns.md) | -8.9% | +7.8% |
| BRENT | 2021-08-31 | [Oil settles down 1% as U.S. refineries shut; Washington pushes OPEC to pump more \| Reuters](https://feedsoft.ai/events/45721-oil-settles-down-1-as-u-s-refineries-shut-washington-pushes-opec-to-pump-more.md) | -0.4% | +8.7% |
| BRENT | 2022-07-06 | [Oil slides 2% to 12-week low on fears of global recession](https://feedsoft.ai/events/12613-oil-slides-2-to-12-week-low-on-fears-of-global-recession.md) | -3.2% | -2.9% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-steadies-investors-weigh-opec-output-hike-against-us-crude-inventories-2025-10-01/

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