Oil Prices Edge Higher Ahead of Trump-Putin Talks, but Weekly Losses Loom
📌 Key Takeaways Oil prices ticked higher on Thursday, with market attention fixed on how Friday’s meeting between U.S. President Donald Trump and Russian President Vladimir Putin could influence global supply dynamics. At 08:45 ET (12:45 GMT), Brent crude futures...
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Oil Prices July 2025 Slip as Trump Plays Diplomatic Card, China GDP Surprises
Oil prices slipped on Tuesday, July 15, 2025, extending Monday’s selloff after U.S. President Donald Trump provided Russia with more time to secure a peace deal in Ukraine before imposing sanctions. However, stronger-than-expected China GDP data offered some support to...
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Oil Prices Fall After Surprise OPEC+ Output Hike
📌 Key Takeaways OPEC+ Stuns Market with Bigger-Than-Expected Output Hike In a surprise move that rattled energy markets, OPEC+ announced a production increase of 548,000 barrels per day starting in August. This decision caught traders off guard, as most expected...
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Oil Prices Surge 2.7% After U.S. Strikes on Iran’s Nuclear Sites
Key Developments at a Glance Indicator Status WTI Crude Oil Prices Surge Up 2.7% intraday to around $74/barrel Strait of Hormuz Oil Flow Carries ~20% of global oil trade Iran’s Parliament Vote Approved Strait closure; awaiting Security Council ratification Market...
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Rising U.S. Crude Oil Prices Amid Escalating Middle East Tensions
Market Snapshot – Key Oil Statistics Indicator Value WTI Crude Oil Price Approx. $73.8 per barrel Price Trend Third consecutive week of gains Iranian Oil Exports 2.2 million barrels per day (highest in 5 weeks) U.S. Oil Inventory Largest weekly...
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