Oil Prices Dip as Markets React to OPEC+ Supply Outlook

I Stock

An oil field.

Oil prices fell on Tuesday, 30 September 2025, as expectations of further output increases by OPEC+ weighed on the market.

Brent crude slipped to $67.43 per barrel, while US West Texas Intermediate (WTI) dropped to $62.95 per barrel in early trading. The decline follows signals that the OPEC+ alliance may agree on additional supply next month in a bid to reclaim market share.

Analysts note that while geopolitical tensions continue to support the market, the prospect of rising supply is limiting gains. Traders remain cautious as discussions within OPEC+ are set to intensify ahead of the group’s next meeting.



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