Oil prices recorded losses for the third consecutive month in October, while also declining during the week ending October 31, 2025.
Futures for West Texas Intermediate (WTI) crude for December delivery closed trading on Friday at $60.98 per barrel, up 0.68% from the previous closing price.
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Meanwhile, Brent crude futures for the same month ended the session up 0.62%, settling at $64.77 per barrel, according to trading data.
WTI crude contracts posted a weekly loss of 0.85% and a monthly loss of 2.23%, while Brent recorded weekly losses of 1.32% and monthly losses of 2.9%.
Energy markets are now awaiting the upcoming OPEC+ meeting on Sunday, amid expectations that the group—which includes Russia and Saudi Arabia—will agree to increase production by 137,000 barrels per day starting in December.
Reuters, citing three sources familiar with the talks, reported that OPEC+ is likely to agree on another small production increase for December.
— (Agencies)
