Singapore, October 9, 2025 (WAL) – Oil prices fell in early trading on Thursday, affected by ongoing concerns about slowing global demand, especially amid weak economic indicators from major energy-consuming economies.

Brent crude futures dropped by 51 cents, or 0.77%, to reach $65.74 per barrel.

Meanwhile, U.S. West Texas Intermediate crude fell by 55 cents, or 0.88%, to $62.00 per barrel.

This decline comes amid notable market volatility due to uncertainty surrounding global economic growth, along with continued pressure on demand in Asia and Europe, despite ongoing efforts by the OPEC+ alliance to support the market.

Investors are awaiting upcoming economic reports and U.S. oil inventories, which may provide further signals about near-term demand trends.