Oil stable as investors assess market demand

14/10/2025 Argaam
Oil drilling rigs

Oil drilling rigs

Oil prices were steady in early trading today, Oct. 14, as markets assessed the potential for improved trade relations between the world's two largest economies, which would support economic growth and boost demand for crude.

 

Brent crude was trading at $63.30 a barrel, at 08:12 am Makkah time, and West Texas Intermediate (WTI) was at $59.46 a barrel.

 

Oil prices stabilized as investors assessed the tensions between the United States and China, Reuters reported, citing a note from Saxo Bank analysts. They added that President Donald Trump softened his rhetoric and indicated his openness to reaching an agreement.

 

The American Petroleum Institute's report on US oil inventories is scheduled to be released on Oct. 15, instead today.

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