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Energy markets cautious on demand and supply

Prices move in a tight range awaiting production decisions

Crude oil prices on October 2, 2025, have slipped to around $61.88 per barrel, weighed down by weak global demand and concerns over potential oversupply ahead of the upcoming OPEC+ meeting. Although U.S. inventory declines provided some temporary support, the overall trend remains bearish, especially with slowing industrial activity in China and Europe.

Outlook:

• If OPEC+ maintains current production cuts, prices could rebound toward the $63–65 range.

• If supply increases, prices may fall toward $60 or lower.

• Global demand weakness remains the decisive factor shaping oil prices into the last quarter of the year.

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