World oil price on September 19, 2025: Decreased again due to abundant supply
World oil prices on September 19, 2025: Oil prices fell at the end of the week, mainly due to abundant global oil supply and concerns about weak consumption demand.
Oil prices fell in the final trading session of the week. Brent crude closed at $66.68 a barrel, down 76 cents (1.1%). US West Texas Intermediate (WTI) crude fell 89 cents (1.4%) to $62.68 a barrel. Despite the daily decline, both crudes posted their second consecutive weekly gain.
Oil supplies remain ample as OPEC slows production cuts and Russian oil exports remain largely unaffected by sanctions, putting pressure on oil prices despite supportive moves from US monetary policy, said Andrew Lipow, an expert.
Supplies from OPEC+ and outside the bloc are stable. In addition, the US distillate (diesel, heating oil) inventory level increased sharply than expected to reach 4 million barrels, raising doubts about consumption demand in the world's largest oil consuming country.
The US Federal Reserve (Fed) cut interest rates by 0.25% this week. In theory, this could stimulate economic growth and boost oil demand. However, experts say the cut is not strong enough. Some say the Fed needs to cut as much as 0.5% to really have a positive impact on the oil market.
Leading energy agencies are broadly in agreement on the weakening outlook for global oil demand. In addition, this fall’s refinery turnaround is expected to reduce processing activity, reducing immediate demand for crude.
Recent US economic data, such as the labor market and homebuilding, have also shown signs of slowing, adding to these concerns.
