Reported 1 day ago
Oil futures remained relatively stable as markets responded to anticipated supply increases from OPEC+ next month and mixed economic signals from the U.S. Brent crude slightly decreased to $67.07 a barrel, while West Texas Intermediate dipped to $65.36. Recent data indicated a rise in U.S. crude inventories, countering summer demand trends. Analysts suggest that recent supply increases by OPEC+ are already accounted for in market prices, and a weaker U.S. dollar could support oil demand. Upcoming U.S. payroll data may influence future economic activity and oil demand.
Source: YAHOO