Oil futures steady above $67.44 while traders await Fed and OPEC cues. Strong gasoline demand supports crude oil outlook despite tariff concerns.
Oil traders focus on the optimistic demand outlook.
Last week I covered solar energy.  I still say that all energy hands will be needed on deck to support the demands of AI, not to mention the power grid in the US and globally.
Oil prices are moving higher as traders stay bullish despite OPEC+ production boost.
OPEC+ agreed to raise production by 548,000 bpd in August.
Oil markets are losing ground ahead of OPEC+ meeting.
OPEC+ is expected to raise output by 411,000 bpd at its meeting on Sunday.
WTI crude dips to $67 as U.S. stockpiles surge 3.85M barrels, offsetting geopolitical risk premium and curbing Wednesday's 3% rally.
The U.S. – Vietnam trade deal provided additional support to oil markets.
Gasoline inventories increased by 4.2 million barrels, exceeding analyst estimates.
Saudi Arabia is reportedly ready to raise prices for Asian customers.
The group is expected to boost production by 411,000 bpd in August.
HOUSTON, June 30, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that U.S. Magistrate Judge Dena Palermo recommended denying two surety compan
Recent reports show that OPEC+ countries plan to raise production at a robust pace.
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