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Business / Energy

Oil prices steady at settlement

Published: 08 Oct 2025 - 12:24 am | Last Updated: 08 Oct 2025 - 12:28 am
File: An oil platform in the Gulf of Mexico off the coast of Tampico, Tamaulipas state, Mexico. (Photo by Mauricio Palos/Bloomberg)

File: An oil platform in the Gulf of Mexico off the coast of Tampico, Tamaulipas state, Mexico. (Photo by Mauricio Palos/Bloomberg)

QNA

New York: Oil prices held steady at settlement on Tuesday as investors assessed a smaller-than-expected increase in OPEC+ production for November, amid concerns of a potential supply glut.

Brent crude futures edged down 2 cents, or 0.03 percent, to settle at $65.45 a barrel.

US West Texas Intermediate crude slipped 4 cents, or 0.06 percent, to $61.73 a barrel.