WTI Crude Oil remains under pressure near mid-$65s amid thin holiday trading and a lack of fresh catalysts. Traders remain cautious ahead of the July 5 OPEC+ meeting and the July 9 deadline for potential US tariff action. OPEC+ is expected to approve a third consecutive supply increase for August, though actual output remains below […]
WTI Crude Oil consolidates near key support, OPEC+ decision looms Read More »
Oil drilling rigs Barclays on Thursday said it raised its Brent oil price forecast by $6 to $72 per barrel for 2025 and by $10 to $70 a barrel for 2026 on an improved outlook for demand, Reuters reported. “Geopolitical tensions have eased as the US.-mediated ceasefire between Israel and Iran continues to hold and
Barclays raises Brent forecast to $72/brl for 2025 Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Jul 04, 2025, 1:25 AM CDT Crude oil prices were on course for a modest weekly gain today, buffeted by both headwind and tailwinds, including OPEC+ policy, U.S.
Oil Prices Set to End the Week With a Modest Gain Read More »
