Crude Oil Prices Climb to back to Early-August Peaks Amid Russian Supply Disruptions

Patricia Jose Perez 01-Oct-2025

The crude oil rose sharply in the last week of September 2025 as tightening supply from Russia after Ukrainian drone attacks on energy infrastructure contributed to the gains. The crude oil price rally found support in export interruptions and pipeline problems as Russia throttles diesel and gasoline supply and an extension of the gasoline ban. This upturn was the strongest weekly gain for the major benchmarks since mid-June and proved enough to push WTI and Brent crude above USD 64 per barrel on 26 September marking highest levels since August 2025. The supply interruptions, inventory draws, and demand resilience have brought the oil market into a much tighter place, which has pushed prices up. Yet with geopolitical risk still playing out against potential production increases, volatility remains a watch point for traders and consumers. With the onset of winter, the interplay of those forces will be the crude story for next few months.

Key Highlights:

Brent and WTI crude oil benchmarks were seen set for strong weekly gains in September last week.
Crude oil inventory drops.
U.S. crude oil refinery inputs rose from the previous week.
Ukrainian strikes on Russian refining capacity.
Iraq&#**;s Kurdistan to restart oil flows to Turkey.

WTI crude oil rose *.** last week followed by Brent crude oil up *.** on September **th, ****. These gains were underpinned by a mix of geopolitical tension and market fundamentals. The price rise was driven by geopolitical issues such as attacks by Ukrainians on Russian refineries, forcing Russia to curtail exports of diesel and gasoline. There was also a draw in U.S. commercial crude oil stocks that helped contributing to a tightening supply picture globally.

Ukrainian strikes have significantly damaged Russian refining capacity, reducing its fuel exports and causing local fuel shortages in Russia. Russian Deputy Prime Minister Alexander Novak responded with a partial ban on diesel exports and further...

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