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Oil settled lower on Friday as traders looked to weaker US demand after the Labor Day driving season and a coming supply increase from OPEC+. Brent for October expired at $68.12 a barrel and WTI settled at $64.01.
Expected OPEC+ supply increases into soft demand point to lower crude prices, which weighs on energy-linked feed input costs and biofuel feedstock values.
marketscreener.comReutersAug 29, 2025
reuters.comErwin SebaAug 29, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
