Key Facts
• August 29, 2025: Crude oil futures fell during Asian trading hours.
• Brent crude October futures dropped $0.50 (0.7%) to $68.12 per barrel.
• November Brent futures fell $0.46 (0.7%) to $67.52 per barrel.
• U.S. WTI futures declined $0.45 (0.7%) to $64.15 per barrel.
• Weekly gains expected: Brent crude up 0.6%, WTI up 0.8%.
• U.S. fuel demand expected to slow post-Labor Day holiday.
• Uncertainty surrounds Russian oil supply and potential sanctions.
• August 28: Russia launched large-scale missile and drone attacks on Ukraine.
• At least 23 fatalities reported in Kyiv, Ukraine’s capital.
Summary
Crude oil futures declined during Asian trading on August 29, 2025, as concerns over reduced U.S. fuel demand post-Labor Day weighed on the market. Brent crude October futures fell $0.50 to $68.12 per barrel, while November futures dropped $0.46 to $67.52. U.S. WTI futures also declined by $0.45 to $64.15. Despite this, weekly gains are anticipated, with Brent crude expected to rise 0.6% and WTI 0.8%. Market uncertainty persists due to potential sanctions on Russia following its missile and drone attacks on Ukraine, which resulted in 23 deaths in Kyiv. Investors remain cautious amid geopolitical tensions and unclear impacts of U.S. tariffs on India.
