Crude Oil Prices Climb on Russian Supply Concerns, U.S. Inventory Drop

On September 26, 2025, crude oil prices extended their upward momentum in Asian trade, remaining above a seven-week high and on track for a robust weekly gain. The rally was fueled by escalating concerns over potential disruptions in Russian supplies and an unexpected decline in U.S. crude stockpiles, tightening the global supply outlook.

Brent crude futures rose 0.3% to $69.63 per barrel, while West Texas Intermediate (WTI) futures edged up 0.4% to $65.25 per barrel, as of 21:08 ET (01:08 GMT). Despite the bullish momentum, further gains were capped by investor caution surrounding the Federal Reserve’s trajectory on interest rate cuts, along with newly announced U.S. tariffs by former President Donald Trump.

Russia-Ukraine Tensions Add to Supply Pressures

Geopolitical developments continued to stoke supply concerns. Moscow announced this week it would implement partial restrictions on diesel exports and extend its gasoline export ban through the end of 2025, aiming to protect domestic fuel supplies amid ongoing volatility.

Adding to the pressure, Ukrainian drone strikes targeted key Russian energy infrastructure across regions such as Bryansk, Samara, and Bashkortostan.

In parallel, the U.S. and its Western allies are reportedly considering additional sanctions on Moscow, measures that could further curtail the flow of Russian crude and refined products into global markets.

Also Read: Gift Nifty Slips 10 pts On Sept 26: How Is the Indian Stock Market Likely to Open Today?

U.S. Inventory Drop Signals Stronger Demand

On the demand front, U.S. government data revealed a larger-than-anticipated drawdown in crude inventories, indicating stronger consumption and tightening supplies stateside. The unexpected decline in stockpiles added another layer of support to oil prices.

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