WTI crude oil futures slid 4.2% to settle at $58.2 a barrel on Friday, the lowest since May 7, as renewed US-China trade tensions rattled markets. President Trump threatened a “massive increase” in tariffs on Chinese goods and hinted at canceling his upcoming meeting with President Xi Jinping, raising concerns that a trade war could slow global economic growth and curb oil demand. The decline was compounded by ongoing bearish sentiment from rising global supply, including higher output from OPEC+ and non-OPEC producers. Easing tensions in the Middle East, including progress toward a Gaza ceasefire, also removed a key risk premium from prices. Traders accelerated selling, with short positions in WTI surging, while risk-averse investors pulled back from equities, amplifying downward pressure. Analysts noted that without a catalyst to support buying, crude could see further volatility near the $60 level due to concentrated options hedging.

Crude Oil fell to 58.24 USD/Bbl on October 10, 2025, down 5.32% from the previous day. Over the past month, Crude Oil's price has fallen 6.62%, and is down 22.92% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude Oil reached an all time high of 147.27 in July of 2008. Crude Oil - data, forecasts, historical chart - was last updated on October 11 of 2025.

Crude Oil fell to 58.24 USD/Bbl on October 10, 2025, down 5.32% from the previous day. Over the past month, Crude Oil's price has fallen 6.62%, and is down 22.92% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil is expected to trade at 62.49 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 67.75 in 12 months time.



Price Day Month Year Date
Crude Oil 58.90 -2.610 -4.24% -5.56% -22.05% Oct/10
Brent 62.73 -2.490 -3.82% -5.48% -20.64% Oct/10
Natural gas 3.11 -0.1630 -4.99% 5.86% 18.01% Oct/10
Gasoline 1.81 -0.0702 -3.74% -8.20% -15.79% Oct/10
Heating Oil 2.19 -0.0834 -3.66% -3.90% -6.28% Oct/10
Coal 104.55 0.05 0.05% 3.62% -30.02% Oct/10
Ethanol 1.69 0.0150 0.90% -13.37% 8.71% Oct/10
Urals Oil 60.81 -1.11 -1.79% -3.98% -16.33% Oct/09



Related Last Unit Reference
United States API Crude Oil Stock Change 2.78 BBL/1Million Oct 2025
Saudi Arabia Crude Oil Production 9722.00 BBL/D/1K Aug 2025
United States Crude Oil Production 13642.00 BBL/D/1K Jul 2025
Russia Crude Oil Production 9783.00 BBL/D/1K Jun 2025
United States Crude Oil Stocks Change 3.72 BBL/1Million Oct 2025
United States Weekly Crude Oil Production 13629.00 Thousand Barrels Per Day Oct 2025

Crude Oil
Crude oil futures are the benchmark for oil prices in the United States and serve as a reference point for global oil pricing. Crude oil is classified as light and sweet where "light" refers to its low density and "sweet" indicates its low sulfur content. The delivery point for crude oil futures is Cushing Hub in Oklahoma. Each futures contract represents 1,000 barrels of crude oil. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so..
Actual Previous Highest Lowest Dates Unit Frequency
58.24 61.51 147.27 -40.32 1983 - 2025 USD/BBL Daily

News Stream
WTI Crude Drops Over 4% on Trade Tensions
WTI crude oil futures slid 4.2% to settle at $58.2 a barrel on Friday, the lowest since May 7, as renewed US-China trade tensions rattled markets. President Trump threatened a “massive increase” in tariffs on Chinese goods and hinted at canceling his upcoming meeting with President Xi Jinping, raising concerns that a trade war could slow global economic growth and curb oil demand. The decline was compounded by ongoing bearish sentiment from rising global supply, including higher output from OPEC+ and non-OPEC producers. Easing tensions in the Middle East, including progress toward a Gaza ceasefire, also removed a key risk premium from prices. Traders accelerated selling, with short positions in WTI surging, while risk-averse investors pulled back from equities, amplifying downward pressure. Analysts noted that without a catalyst to support buying, crude could see further volatility near the $60 level due to concentrated options hedging.
2025-10-10
Crude Oil WTI is down by 4.03%
Crude Oil WTI decreased 4.03% to 59.043 USD/Bbl
2025-10-10
Oil Falls to 7-Month Low
WTI crude oil futures fell over 3.5% to $59.40 a barrel on Friday, the lowest since May 8, as easing Middle East tensions and a looming global supply surplus weighed on the market. Israel approved a framework for Hamas to release hostages in exchange for prisoners, marking a major step toward a peace deal in Gaza, a region that produces about a third of the world’s crude. Meanwhile, markets anticipate a supply surplus driven by rising output both within and outside OPEC+, which recently increased production quotas to reclaim market share. Additionally, President Donald Trump’s threat of a “massive increase” in tariffs on Chinese goods rekindled trade war concerns. Prices were partially supported by US sanctions on a crude-import terminal and a private Chinese refinery involved in Iranian oil trade, while China retaliated by imposing port fees on American ships, potentially boosting freight costs.
2025-10-10