declining oil prices

Oil prices dip on tariff expectations

July 9, 2025

(Oil Price)– Crude oil prices took a dip today after hitting a two-week high earlier, as traders awaited updates on President Trump’s tariff plans, following the latest delay in trade deals with some key partners such as Japan and South Korea. Brent crude was trading at $70.07 per barrel at the time of writing, with West Texas Intermediate changing hands for $68.26 per

OPEC expects slower 2025 oil supply growth from rivals after price drop

May 14, 2025

(Investing) – LONDON – OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about

Oil prices dip on tariff expectations

OPEC expects slower 2025 oil supply growth from rivals after price drop

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