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flag Oil prices rose in mid-October 2025 due to strong U.S. demand and supply concerns, despite a projected global surplus in 2026.

flag Crude oil prices rose through mid-October 2025, with WTI and Brent hitting one-week highs, driven by stronger-than-expected U.S. demand and a surprise draw at the Cushing hub despite a larger-than-forecast crude stockpile increase. flag OPEC+’s limited November output rise of 137,000 bpd eased supply concerns, while ongoing Russia-Ukraine tensions and drone attacks on Russian infrastructure kept export disruptions in focus. flag U.S. crude production near 13.6 million bpd and strong refining activity supported prices, though analysts warn of a potential global surplus in 2026, with Brent projected to average $56 next year.

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