• Sat, Mar 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

22 July 2025 21:33  |

Oil Extends Move Lower on Supply-Demand Concerns

Oil futures are lower for a third session with prospects of increased output and easing demand keeping buyers at bay.

Ritterbusch sees inventories rising "appreciably" as OPEC production increases become more visible "at a time when the U.S. tariffs will be having a larger impact, even if they are watered down or further delayed."

Smaller than expected long trader positions in WTI, however, could accentuate the response to any bullish headlines, the firm adds in a note.

WTI for August delivery is down 1% at $66.56 ahead of today's expiration. Brent is off 0.9% at $68.60.

Source :  Dow Jones Newswires

 

 

Related News

OIL

Brent Fluctuates, Markets Confused Between Sanctions and Su...

Oil prices experienced volatile movements on Tuesday (July 15th), amid market uncertainty over the impact of US President Don...

15 July 2025 21:42
OIL

Increased Supply, Exports Drop: New Drama of Oil Prices Beg...

World oil prices on Wednesday (2/7) were almost unchanged as the market weighed various factors, ranging from the plan to inc...

2 July 2025 16:19
OIL

Oil Continues Gains as Lower Russian Flows Offset Trump Tar...

Oil extended its biggest gain in nearly four weeks as tighter Russian crude supplies overshadowed concerns about the impact o...

11 February 2025 14:35
OIL

Oil Drops as Dollar Surges After Rate Cut

Oil fell as expectations for fewer interest-rate cuts by the Federal Reserve next year boosted the dollar. February West Te...

19 December 2024 07:12
BIAS23.com NM23 Ai