Oil slides 0.6% as traders assess inventories and new sanctions

Brent crude futures dropped 0.6% to $65.56 per barrel on October 24, extending early-week weakness. WTI mirrored the fall, pressured by cautious demand forecasts and moderate inventory builds. Analysts said renewed Russian export sanctions and a stronger dollar weighed on prices. Supply adjustments by OPEC members are expected next week. Traders anticipate near-term consolidation as markets await U.S. inflation data and global demand cues, maintaining focus on geopolitical developments influencing medium-term crude balance and import costs.