Crude Oil Slumps Nearly 20% Year-on-Year Amid Global Demand Concerns

Crude oil prices continued their downward slide this week, closing at 62.39 on October 14, 2025, marking a 4.68% weekly decline. The commodity has fallen 6.74% over the month and 9.85% over the quarter, reflecting persistent weakness in the energy markets. Compared to the same period last year, crude is down 19.46% year-on-year, underscoring the impact of sluggish global demand and easing geopolitical tensions. The year’s low was 58.95 on May 4, 2025, while the peak stood at 82.03 on January 15, 2025, representing a 23.94% drop from that high. Despite recent declines, crude still remains 5.84% above its yearly low, hinting at a possible short-term stabilization.Disclaimer: PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.