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Oil: OPEC output rises – ING
The oil market continued to edge lower yesterday, with a stronger US dollar providing some headwinds. In addition, no immediate action from the US against Russia following President Trump’s 'major statement' means that the focus returns to the expected oil surplus later in the year.
Fxstreet
Jul 16, 2025
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $65.64 per barrel, down from Tuesday’s close at $65.66.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.24 after its previous daily close at $68.30.
WTI trades with caution below $66.00 on persisting global trade uncertainty
West Texas Intermediate (WTI), futures on NYMEX, trades cautiously around $65.70 during the late Asian trading session on Wednesday. The Oil price oscillates close to near the weekly low as investors remain uncertain over the energy demand amid persistent global trade tensions.
WTI edges lower to below $66.00 as Trump's 50-day deadline for Russia eases supply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.70 during the early Asian trading hours on Wednesday. The WTI price edges lower amid easing concerns about supply disruption after US President Donald Trump gives a 50-day deadline for Russia to end the war in Ukraine.
China's high crude Oil imports are also flowing into stockpiling – Commerzbank
China's crude Oil imports were again strong in June: according to customs authorities, 49.9 million tons were imported, 7% more than in the previous month, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Jul 15, 2025
Gold Price Forecast: XAU/USD holds gains above $3,340 with US inflation on tap
Gold (XAU/USD) correction has been limited at $3,340, and the precious metal is retracing previous losses on Tuesday, approaching three-week highs at $3,380 as US Treasury yields and the US Dollar pull back from recent highs ahead of the US CPI release.The US Dollar Index, which measures the value oFxstreet
Jul 15, 2025
IEA surprises with significantly higher oil production from Saudi Arabia – Commerzbank
The International Energy Agency has slightly lowered its forecasts for oil demand. It expects an increase of 700,000 barrels per day for this year and next. This is the smallest increase since the slump in 2020 during the coronavirus pandemic.WTI dips below $66.00 as Trump gives a deadline on sanctions to Russia
Crude Oil Prices reverted to previous gains on Monday, and dropped to session lows at $65.40 on Tuesday’s early trading, as Trump gave a 50-day deadline to apply further sanctions to Russia, which eased market concerns about supply.The price of the US benchmark West Texas Intermediate reached three-The Oil market doesn’t buy the secondary tariff threat – ING
ICE Brent settled a little more than 1.6% lower yesterday, taking prices back below US$70/bbl, despite President Trump’s “major statement” on Russia. Trump threatened to impose secondary tariffs of 100% on Russia if President Putin didn’t make a deal within 50 days to end the war in Ukraine.Fxstreet
Jul 15, 2025
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