Oil price goes down after jump the day before, Brent - $68.95 a barrel

09:35 - 25.09.2025


September 25, Fineko/abc.az. Prices for oil of benchmark grades are declining in Thursday’s trading after a jump the day before caused by data about reduction in fuel reserves in the U.S.

The price of Brent crude oil futures for November on the ICE Futures exchange decreased by $0.36 (0.52%) to $68.95 per barrel by 09:30. Following the trading on September 24, November’s Brent crude futures rose by $1.68 (2.48%) to $69.31 per barrel.

The price of November’s WTI crude oil futures at the NYMEX commodity exchange fell by $0.35 (0.54%) to $64.64 per barrel by 09:30. Following the trading on September 24, WTI crude oil futures for November increased in price by $1.58 (2.49%) to $64.99 per barrel.

According to the U.S. Department of Energy, commercial oil reserves in the country dropped by 607,000 barrels last week. According to Trading Economics, this came as a surprise to experts who had expected a rise of approx. 800,000 barrels.

Gasoline inventories declined by 1.08 million barrels last week and distillates - by 1.685 million barrels.

The sharp rise in prices was also influenced by the statements of U.S. President Donald Trump, regarding Russia. In particular, the president called for NATO countries to shoot down Russian military aircrafts if they are in the alliance's airspace, and called on European countries to stop purchasing Russian energy resources.