08:45 AM EDT, 09/19/2025 (MT Newswires) -- Oil edged lower early Friday, falling for a third day on rising supply while slowing growth cuts into demand.

West Texas Intermediate crude oil for October delivery was last seen down US$0.44 to $63.13 per barrel, while November Brent oil was down $0.32 to $67.12.

The drop comes even as Ukraine continues to attack Russia's oil infrastructure as it looks to cut fuel supplies to the country's military and reduce Russia's ability to fund its invasion. Ukraine Thursday struck at a Russian petrochemical facility and two more refineries, including one of the country's largest, operated by Gazprom.

Still, the attacks on the oil industry of the world's No.2 exporter are now failing to prompt security of supply concerns as the market remains flush with oil following the full return of 2.2-million barrels per day of OPEC+ production cuts and demand slows as global growth eases with the United States placing tariffs on nearly all its trading partners.

"Russia's western neighbour launched drone strikes on an oil processing and petrochemical complex, as well as on a refinery in the Bashkortostan and Volgograd regions. Yet the two major international crude oil benchmarks drifted lower, ending the day around 50 cents per barrel in the red. For two months now, it has been glaringly evident that, under OPEC+'s new strategy to reclaim lost supply market share, combined with grim economic prospects, any attempt to push prices higher during periodic geopolitical flare-ups is seen as an irresistible selling opportunity," PVM Oil Associates said.

Both the Energy Information Administration and the International Energy Agency this month said they expect global oil inventories to rise for the remainder of the year as demand growth slows, pressuring prices.