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This is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.
Welcome back to the Daily Crude Oil Price Tracker. I am Vanessa Clark, and as always, I’m here to guide you through the world of oil markets, prices, trends, and what you need to know right now about crude oil.
As of today, Friday, October seventeenth, twenty twenty-five, crude oil is trading at about fifty-seven dollars and fifty-two cents per barrel according to Trading Economics. That is for the West Texas Intermediate, often just called WTI or US crude. Brent crude, the global benchmark, is coming in around sixty-one dollars and thirty-one cents a barrel. Both are down more than nine percent over the past month and down more than sixteen percent compared to this time last year. This puts prices near their lowest levels in five years.
So what has caused this dramatic fall in crude oil prices? The market is being hit on all sides by a perfect storm of oversupply, softer demand, and dissolving geopolitical risk premiums. OPEC Plus, the alliance of oil producers led by Saudi Arabia and Russia, has increased output by almost one hundred and forty thousand barrels a day for October, signaling they are more interested in keeping market share than propping up higher prices. At the same time, inventories in the United States have swelled, with the Energy Information Administration reporting back-to-back weekly builds of over three million barrels. That is a telltale sign that demand is lagging in the world’s top oil-consuming nation.
On top of that, much of the geopolitical tension that was keeping oil prices elevated has faded. A recent ceasefire between Israel and Hamas helped calm traders’ nerves, and further talks are expected between President Trump and Russian President Vladimir Putin, with the prospect of even more Russian oil hitting the global market.
Adding to the downward pressure, trade tensions between the United States and China flared up once again, with new tariffs and countermeasures from both sides. China has even announced export controls on rare earth metals. These moves have stoked fears of slower global economic growth, weighing further on oil.
So what does this all mean for the price outlook? Most analysts forecast that the oil market will be in surplus well into twenty twenty-six, with the International Energy Agency recently projecting a record global surplus next year. Some experts are even saying we could see crude oil approach the fifty dollar mark in the coming months if supply continues to outpace demand.
Now, for those of you tuning in to make informed decisions, whether you are a business owner relying on fuel, an investor, or just someone watching your household budget, here are a couple of practical takeaways. First, keep an eye on the weekly inventory reports from the United States—they are a strong indicator of near-term price direction. If stockpiles keep rising, prices are likely to stay under pressure. Second, keep in mind that the oil market is notoriously volatile, especially as we get closer to year-end and possible new OPEC Plus decisions.
If you are a consumer at the pump, that continued downward pressure on crude could mean lower gasoline prices and some relief for your wallet. However, these prices are also a sign of a slowing global economy, so keep an eye on broader economic trends, too.
That’s it for today’s edition of the Daily Crude Oil Price Tracker. I’m Vanessa Clark. Thanks so much for listening. Remember to subscribe so you never miss an update, and tune in next time for more insights on the ever-changing world of crude oil.
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Oct 19 20254 m