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WTI edges lower below $65.00 as traders brace for OPEC+ decision
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.85 during the early Asian trading hours on Wednesday. The WTI price drifts lower as investors assess the developments surrounding geopolitical risks in the Middle East.
Gold price surges past $3,340 amid a firm US Dollar, traders eye key US data ahead
The Gold price rises over 1% as the Greenback pares some of its earlier losses, which sent the US Dollar Index (DXY) to a three-year low. Meanwhile, the US Senate passed the Trump tax bill, which is ready to be sent to the House of Representatives for its approval.
Fxstreet
Tue, Jul 1
Oil Traders Bet on OPEC+ Fourth Output Hike; Saudi Strategy May Roil Oil Markets
TradingKey - According to recent developments in the oil market and trader forecasts, OPEC+ (the Organization of the Petroleum Exporting Countries and its allies) plans to significantly increase oil supply for the fourth time during its meeting scheduled for early July 2025.TradingKey
Tue, Jul 1
Gold Price Forecast: XAU/USD climbs as Fed remarks, US ISM data, and trade uncertainty in focus
Gold prices climbed on Tuesday as investor attention shifted to a high-profile gathering of global central bankers in Portugal.At the time of writing, XAU/USD is holding firm above the $3,300 mark, with prices hovering above $3,350 ahead of key policy remarks expected at 13:30 GMT.Fxstreet
Tue, Jul 1
OPEC+ is set to increase production again – Commerzbank
The eight OPEC+ countries with voluntary production cuts are likely to decide next weekend to increase oil production by 411 thousand barrels per day in August, as reported by Reuters and Bloomberg, citing delegates from the expanded production cartel, Commerzbank's commodity analyst Carsten FritschFxstreet
Tue, Jul 1
Oil: Attention shifts to OPEC+ – ING
Oil prices edged marginally lower yesterday, a move that continued in early morning trading today, as the market increasingly turns its attention towards the OPEC+ meeting this weekend., ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Jul 1
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 $64.29 per barrel, down from Monday’s close at $64.43.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.40 after its previous daily close at $66.49.Silver Price Forecast: XAG/USD struggles below $36.00 mark; bears seem non-committed
Silver (XAG/USD) struggles to capitalize on the overnight goodish rebound from the $35.40 area or a multi-day trough and attracts fresh sellers during the Asian session on Tuesday. The white metal currently trades around the $35.85 region, down 0.70% for the day.Fxstreet
Tue, Jul 1
WTI loses traction below $64.50 on easing Middle East geopolitical risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.25 during the Asian trading hours on Tuesday. The WTI price edges lower amid easing Middle East geopolitical risks and a possible OPEC+ output increase in August.Featured Tools
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