Sun.Jun 29, 2025

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Oil Prices Dip as OPEC+ Boosts Supply

OilPrice

Crude oil prices began trading with a loss this week as traders anticipated another OPEC+ supply boost next month at a rate of 411,000 barrels per day, taking the cumulative increase this year to 1.78 million barrels daily, according to preliminary reports. per barrel, with West Texas Intermediate at $65.23

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OPEC+ to Call the Shots Live as Russia Backs In-Meeting Decision

OilPrice

million barrels per day of voluntary cuts since April, with… We'll review it during the meeting, as is traditional," Russian Deputy Prime Minister Alexander Novak told reporters, adding to market anticipation ahead of the gathering. Eight OPEC+ nations—including Saudi Arabia, Russia, Iraq, and the UAE—have been incrementally unwinding 2.2

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Why oil prices swung so wildly during the Iran-Israel conflict and where the market goes from here

CNBC: Energy

crude oil prices plummeted $14.40 per barrel, or 18%, from Monday's high on the U.S. bombing of Iran to Tuesday's low on the ceasefire.

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Oil falls on prospect of more OPEC+ supply, easing risks in Mideast

BOE Report

Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand. a barrel by 0344 GMT, ahead of the [Read more] Brent crude futures fell 13 cents, or 0.19%, to $67.64

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