05:49 AM EDT, 10/31/2025 (MT Newswires) -- Crude oil prices edged lower on Friday following weak economic data from China and as supply is set to outpace demand in 2025.

Brent crude at last look lost 0.2% to US$64.90/barrel and West Texas Intermediate crude fell 0.2% to $60.43/b. Both benchmarks are on track to record a third consecutive monthly decline, Reuters said in a Friday report.

An official survey showed a decline in China's factory activity for the seventh straight month in October, the report said.

Meanwhile, the Organization of the Petroleum Exporting Countries and allied producers, as well as major non-OPEC producers, are ramping up output, boosting supply and cushioning the impact of Western sanctions disrupting oil shipments from Russia, Reuters said in the report.

A stronger U.S. dollar also weighed on investor appetite after U.S. Federal Reserve Chair Jerome Powell said an interest rate cut in December was not guaranteed, analysts said in the report.