Crude Oil Prices Steady on Sep 11 After Strong Weekly Gains Amid Geopolitical Tensions

On September 11, 2025, crude oil prices held steady during Asian trade, pausing after sharp gains earlier in the week driven by escalating geopolitical tensions in Russia and the Middle East. These developments have fueled concerns over potential disruptions to global supply.

However, growing fears of an oversupplied market kept traders cautious. Fresh U.S. inventory data revealed an unexpected and significant build in crude stockpiles, dampening bullish sentiment.

Brent and WTI Crude

As of 21:33 ET (01:33 GMT), Brent crude futures for November delivery were unchanged at $67.49 per barrel, while West Texas Intermediate (WTI) crude slipped slightly to $64.34 per barrel.

A weaker U.S. dollar, spurred by softer-than-expected producer price index (PPI) inflation data, offered some support to crude prices. Investors now await the release of key U.S. consumer price index (CPI) figures later on Thursday, which could further influence market direction.

Also Read: Gift Nifty Above 25,080 Signals Steady Start for Sensex and Nifty 50 on September 11

Inventory Surge and Supply Glut Concerns Cap Gains

Despite the week’s upward momentum, worries over a potential supply surplus continued to weigh on the market. Russia and China were reportedly finalising agreements that would increase Moscow’s energy exports to Beijing, while India also showed no signs of scaling back its purchases of Russian oil.

Additionally, U.S. fuel demand is expected to ease with the end of the summer driving season. Government data released Wednesday indicated that U.S. crude inventories rose by 3.93 million barrels in the week ending September 5.

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