Oil prices fell in early trading on Wednesday (October 15, 2025), extending losses from the previous session, as investors assessed the International Energy Agency's warning of a potential oversupply next year, as well as trade tensions between the United States and China.
Brent crude futures fell 12 cents, or 0.19 percent, to $62.27 a barrel.
West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.17 percent, to $58.60 a barrel.
Both contracts closed at five-month lows in the previous trading session.
Aside from trade relations between Washington and Beijing and progress in talks, the primary driver of oil prices now is supply, which will be reflected in changes in global inventories.
Traders will be watching weekly inventory data to assess US demand. US crude oil inventories are expected to have risen last week, while gasoline and distillate inventories likely declined.
Brent falls to $62 a barrel
