https://www.instagram.com/vanessaclarkipaiThis is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.Hello and welcome to the Daily Crude Oil Price Tracker with me, Vanessa Clark. If you're tuning in for the latest updates on crude oil markets, actionable insights, and what it all means for your wallet, you're in the right place. Let's dive straight into the numbers and the stories behind them.Crude oil prices have been on a bit of a roller coaster this week. As of today, October 29th, 2025, the benchmark Brent crude is trading at around 64.23 dollars per barrel, according to Trading Economics. That’s a slight dip from yesterday, continuing a trend we’ve seen over the past few days. Meanwhile, West Texas Intermediate, or WTI, another key benchmark, is hovering just under 60 dollars a barrel. These levels are down about 3 to 4 percent over the past month, and both benchmarks are more than 11 percent lower than this time last year. So, what’s driving these moves?Well, there’s a lot happening behind the scenes. For starters, the U.S. government has recently imposed new sanctions on Russia’s top oil producers, Rosneft and Lukoil. These companies together account for about half of Russia’s daily oil output, and the sanctions are already causing ripples in global markets. There are reports that a tanker carrying Russian crude to India turned back and is now anchored in the Baltic Sea—a sign that these sanctions could disrupt oil flows, at least temporarily. Indian refiners have paused new Russian oil orders, though some state-run firms say they’ll keep buying as long as it’s in compliance with U.S. measures. But here’s the twist: despite these disruptions, the market is still worried about oversupply. U.S. crude inventories dropped by 4 million barrels last week, which might normally support prices, but gasoline and distillate stockpiles also declined, and reserves at the key storage hub in Cushing, Oklahoma actually rose. On top of that, OPEC+—the group of major oil producers—is reportedly considering another output hike when they meet this coming Sunday. The thinking is that Saudi Arabia wants to regain some market share, so they might nudge production higher. All of this has traders a bit uncertain. The prospect of more oil on the market is weighing on prices, even as geopolitical risks could tighten supply. On the bright side, there’s some optimism around ongoing trade talks between the U.S. and China, which could help support global demand. So, what does this mean for you? If you’re watching fuel prices at the pump, those are closely tied to crude oil, so you might see some relief, at least for now. If you’re an investor, pay attention to next week’s OPEC+ meeting for clues on whether supply will keep rising. Before we wrap up, let’s recap: Brent crude is at 64.23 dollars, WTI is just under 60 dollars, and both are down significantly from last year. Prices are under pressure from potential OPEC+ supply increases and ongoing sanctions on Russian oil, but U.S. inventory draws and a possible U.S-China trade deal are keeping things interesting. Thanks so much for joining me on the Daily Crude Oil Price Tracker. If you found this helpful, make sure to subscribe so you never miss an episode, and tell a friend who might need a quick rundown on what’s moving the oil markets. Until next time, keep an eye on those gas prices—and I’ll be back tomorrow with the latest. Take care!For more http://www.quietplease.aiCheck out Vanessa on Instagram https://www.instagram.com/vanessaclarkipaiFor some deals, check out https://amzn.to/4hSgB4rThis content was created in partnership and with the help of Artificial Intelligence AI

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related