U.S. Crude and Brent Oil Prices Fluctuate Amid Supply Drops, IEA Warnings, and U.S. Tariffs on Indian Products

U.S. crude oil prices experienced notable fluctuations over the course of four trading days from August 25 to August 28, 2025. On August 25, NYMEX WTI October futures settled at $64.80 per barrel, marking an increase of $1.14 or 1.79%, while Brent crude futures closed at $68.80 per barrel, up $1.07 or 1.58%. The following day, August 26, prices reversed with WTI crude settling at $63.25 per barrel, down $1.55 or 2.39%, and Brent crude falling to $67.22 per barrel, a decline of $1.58 or 2.3%. On August 27, crude oil prices rebounded, with WTI futures closing at $64.15 per barrel, gaining $0.90 or 1.42%, and Brent futures rising to $68.05 per barrel, up $0.83 or 1.23%. This increase was attributed to larger-than-expected drops in U.S. crude and fuel supplies, easing concerns about an oversupply glut despite ongoing U.S. tariffs on Indian products and warnings from the International Energy Agency (IEA) about potential supply increases from OPEC+. On August 28, WTI crude futures settled at $64.60 per barrel, up 45 cents or 0.7%. These price movements highlight ongoing volatility in the oil market amid supply concerns and geopolitical factors.