• Wed, Mar 4, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

2 September 2025 17:45  |

Oil Rises, Conflict Risks & Supply in Focus

World oil prices rose on Tuesday, fueled by concerns about supply disruptions due to the escalating Russia-Ukraine conflict. Brent crude rose $1.12 to $69.27 per barrel, while West Texas Intermediate (WTI) gained $1.77 to $65.78 per barrel.

The gains were also driven by market speculation about upcoming US jobs data, which could influence interest rate policy and energy demand. The peak US summer travel season ended after the Labor Day holiday, marking the end of a period of high demand in the world's largest fuel market.

On the supply side, a Ukrainian drone attack shut down facilities equivalent to 17% of Russia's oil processing capacity, or about 1.1 million barrels per day. This raised concerns about supply disruptions amid the ongoing conflict.

Investors are now looking ahead to the OPEC+ meeting on September 7 for clues on future production plans. Analysts expect OPEC+ to refrain from voluntarily reducing its cuts of around 1.65 million barrels per day, which have been supporting oil prices around $60 per barrel.

However, analysts are concerned that oil prices could fall to an average of $55 per barrel in the final quarter of this year before OPEC+ stabilizes the market. Meanwhile, the US jobs data due this week will be of concern to the market as it could strengthen the possibility of monetary easing. (ayu)

Source: Newsmaker.id

Related News

OIL

Oil Prices Rise for Two Days in a Row, Supported by Trade ...

Oil rose a second day on optimism over US trade talks ahead of next week’s deadline, and as tightness in diesel markets bo...

25 July 2025 10:56
OIL

Brent Fluctuates, Markets Confused Between Sanctions and Su...

Oil prices experienced volatile movements on Tuesday (July 15th), amid market uncertainty over the impact of US President Don...

15 July 2025 21:42
OIL

Increased Supply, Exports Drop: New Drama of Oil Prices Beg...

World oil prices on Wednesday (2/7) were almost unchanged as the market weighed various factors, ranging from the plan to inc...

2 July 2025 16:19
OIL

Oil Continues Gains as Lower Russian Flows Offset Trump Tar...

Oil extended its biggest gain in nearly four weeks as tighter Russian crude supplies overshadowed concerns about the impact o...

11 February 2025 14:35
BIAS23.com NM23 Ai