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WTI drops to near $66.50 due to renewed tariff threats, rising OPEC+ supply
West Texas Intermediate (WTI) Oil price loses ground after registering more than 2% gains in the previous session, trading around $66.60 per barrel during the European hours on Tuesday. Crude Oil prices fall as renewed United States (US) tariff threats bolster concerns about the global Oil demand.
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $66.74 per barrel, down from Monday’s close at $67.02.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.93 after its previous daily close at $69.16.Gold price drifts lower as reduced Fed rate cut bets offset trade jitters
Gold price (XAU/USD) struggles to capitalize on the previous day's goodish rebound from a one-week low – levels just below the $3,300 mark – and trades with a mild negative bias during the Asian session on Tuesday.
Fxstreet
Tue, Jul 8
WTI edges lower below $67.00 on stronger US Dollar, OPEC+ oversupply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.85 during the early Asian trading hours on Tuesday. The WTI price edges lower amid oversupply concerns triggered by the July 6 Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting.Gold steadies as Trump tariff blitz jolts markets, Fed Minutes in focus
Gold price registers minimal losses on Monday as worries about the resumption of a possible trade war increase, following US President Donald Trump's announcement on his social media platforms of the first trade letters sent to South Korea and Japan, which establish duties on goods and products.Fxstreet
Mon, Jul 7
China’s PBOC Buys Gold for Eight Consecutive Months, but Gold Prices Remain "Easier to Defend than to Advance"
TradingKey - Since July, gold prices have weakened due to easing geopolitical tensions and a cooling trade dispute. Although the People's Bank of China (PBoC) has been continuously increasing its gold reserves for eight months, providing some support to prices, momentum for a significant rallyTradingKey
Mon, Jul 7
OPEC Accelerates Output Unexpectedly, Oil Price Support to Rely on Only “Two Factors” in Second Half of 2025
TradingKey - OPEC+ surprised the market by announcing its fourth consecutive round of crude oil production increases at its early July meeting — the scale of the increase far exceeded expectations and triggered a new supply shock, deepening concerns over oversupply in 2025 and weighing on oil pricesTradingKey
Mon, Jul 7
Gold Price Forecast: XAU/USD slumps to near $3,300, 50-day EMA acts as key support
Gold price (XAG/USD) is down almost 0.8% to near $3,300 during the European trading session on Monday. The yellow metal faces a sharp selling pressure as risk-off market sentiment has increased safe-haven demand of the US Dollar (USD).Fxstreet
Mon, Jul 7
WTI recovers to near $65.50 as investors digest OPEC+ large Oil output increase
West Texas Intermediate (WTI), futures on NYMEX, recovers its initial losses and rebounds to near $65.50 during the European trading session on Monday. The Oil price bounces back even as OPEC+ confirms a bigger-than-projected increase in the Oil output from August.Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $65.41 per barrel, down from Friday’s close at $65.66.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $67.92.WTI slumps to near $65.00 as OPEC+ hikes August output larger than expected
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.00 during the early Asian trading hours on Monday. The WTI price slumps after the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to a bigger-than-expected production increase in August.Featured Tools
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