04:57 AM EDT, 09/19/2025 (MT Newswires) -- Crude oil prices slid on Friday amid concerns about U.S. demand, with energy agencies signaling weakness, amid a looming oversupply situation.

Brent crude at last look fell 0.6% to US$67.06/barrel and West Texas Intermediate crude lost 0.8% to US$63.04/b. This comes even as the U.S. Federal Reserve cut interest rates by a quarter of a percentage point, which could boost oil demand.

A large increase in U.S. distillate inventories exceeded market expectations and drove demand worries in the U.S., putting pressure on prices, Reuters said in a Friday report.

"The market has been caught between conflicting signals," Reuters quoted Priyanka Sachdeva, an analyst at Phillip Nova, as saying. "On the supply side, planned production increases from OPEC+ and signs of oversupply in U.S. fuel-product inventories are weighing on sentiment."