Crude oil dropped to $60.12, testing the 20-day average, with a close below $60.23 eyeing $59.72.
Traders doubt that recent sanctions on Russia's biggest oil companies will have a material impact on Russian oil exports.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 0.4% on Tuesday.
The crude oil market has fallen again in the early hours of Tuesday, as we continue to see a lot of volatility out there. With this, the oil market sees a lot of selling pressure after the knee-jerk r

Markets Lay Low Ahead of the FED

06:40am, Tuesday, 28'th Oct 2025
The financial markets are stabilizing ahead of the FED's meeting.
Oil futures turn bearish after rejection at key resistance. Market eyes $59.27–$58.49 zone while watching OPEC+ production signals and Russia sanctions.
Markets were mostly lower—along with oil and gold—after many indexes hit more record highs in the prior session on positive sentiment over U.S. and China trade talks.
WTI and natural gas markets brace for Fed's rate decision and OPEC's next move, as traders navigate weak demand signals and rising production risks.
Sanctions on oil-exporting countries could push up crude prices but the effect will be limited because of surplus capacity, the International Energy Agency Executive Director Fatih Birol said on Tuesd
Oil and natural gas markets remain in consolidation as traders await key triggers from the Fed and OPEC, while the US Dollar Index holds steady, adding to the uncertainty across energy markets.
Oil prices slipped on Tuesday, extending falls from the two previous sessions, as pressure from plans by OPEC to boost output offset optimism over a potential U.S.-China trade deal.
OpenAI urged the White House to substantially increase the U.S. investment in new energy capacity to stay ahead of China in AI. The startup has been planning ambitious infrastructure buildouts that wi
Oil markets are swinging between gains and losses as traders focus on the potential trade deal between U.S. and China.
U.S. sanctions on Russia jolted oil, but WTI's rally cooled as markets eyed Trump's resolve, OPEC's spare capacity, and India/China's rapid crude pivot.
The U.S. LNG industry will start facing restrictions just as export volumes are set to surge, Leslie Palti- Guzman writes in a guest commentary.
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