Oil prices pushed higher for a second day on Wednesday, rising by about 2%, buoyed by hopes of progress for a U.S. trade deal with China and India. Brent crude futures rose $1.18, or 1.9%, to $62.50 a barrel as of 1211 GMT,

West Texas Intermediate (WTI) futures opened at $57.50 per barrel (bbl) on October 21, 2025. Brent crude opened at $61.00 per barrel. Both benchmarks remain closely watched gauges of global energy supply and demand. WTI futures are trading at $57.21/bbl, as of 9:24 a.m. ET. That’s down 0.49% since yesterday’s close.

Stock futures were little changed ahead of another busy earnings day Wednesday, while gold futures pulled back further after their worst session in a dozen years.

Crude futures continued to lose ground. Weak growth projections, the ongoing energy transition across China and the EU, and U.S.-China tariff tensions were damping the outlook, Forex.com said.

Crude oil slips toward $55.27 as contango structure and rising inventories signal a bearish oil outlook for futures traders.

Oil is trading around $57 a barrel amid fears that production increase by the OPEC+ cartel will lead to a global glut. The prolonged weakness in oil has caused the energy sector to lose value in the last 12 months, even as the broad market surged.

NEW YORK] Oil prices settled higher on Tuesday, bouncing off the previous session’s five-month lows, as investors reassessed expectations of a looming glut and sought clarity on the trade dispute

Follow along for live updates on the Dow, S&P 500 and Nasdaq, as Tesla prepares to report quarterly earnings after the market close.

Crude oil futures sink on global demand fears, OPEC supply gains, and key technical breakdown below Fibonacci support at $59.91.

Dow futures steady as investors await Tesla Q3 earnings; mixed global markets and key macro headlines in focus.

JAKARTA: Malaysian palm oil futures closed lower for a third straight session on Wednesday, tracking weakness in rival Dalian edible oils. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 51 ringgit, or 1.13%, to 4,454 ringgit ($1,054.45) a metric ton at the close.