Oil prices 2025 gained on Tuesday as tight global supply and renewed Middle East tensions lifted both Brent and WTI crude. Brent climbed 0.8% to $90.7 a barrel, while WTI rose 0.7% to $86.2, supported by concerns over geopolitical risks and limited output.

OPEC+ producers maintained voluntary output cuts, keeping the global market tight. Saudi Arabia and Russia extended restrictions through the end of the year. As a result, supply constraints have kept oil prices 2025 elevated, offsetting slower demand growth from Europe.

Meanwhile, escalating tensions in the Middle East are amplifying market volatility. Any disruption through the Strait of Hormuz — a key shipping route — could cause further price spikes. Moreover, investors remain cautious, holding long positions as uncertainty persists.

Energy shares across Asia and Europe edged higher, while central banks monitored inflation risks. Higher crude costs could delay interest rate cuts in major economies. However, some analysts believe the impact will be contained if supply remains stable.

Experts forecast Brent to trade between $88 and $92 in November, with potential upside if tensions escalate. In addition, oil prices 2025 may remain supported through early 2026 as OPEC+ supply discipline combines with steady global demand.

Disclaimer: Data sourced from Reuters and verified on October 22, 2025.