Crude Oil Prices Stabilize Amid Rising Dollar

Reported 2 days ago

On October 7, 2025, crude oil prices remained largely unchanged as a stronger dollar limited gains. November WTI crude oil rose by 0.06% while RBOB gasoline fell by 0.40%. Support for crude prices came from an OPEC+ decision to increase production less than expected, coupled with a bearish signal from Saudi Arabia maintaining its crude prices. Additionally, disruptions in Russian oil production due to drone attacks also provided some support, despite concerns of increased global oil supplies from Iraq's resumed exports.

Source: YAHOO

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