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Wednesday, July 2, 2025 0:35 GMT

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Oil Prices Rise as Investors Await OPEC+ Meeting, Tariff Talks

published:01/07/2025 02:04 GMT

Oil prices were slightly higher on Tuesday as investors assessed expectations that OPEC+ will announce an output hike for August at an upcoming meeting, while also keeping an eye on negotiations between the US and its trading partners. Brent crude was up 28 cents, or 0.4 percent, to US$67.03 a barrel at 3:28 Saudi time, while US West Texas Intermediate crude was up 35 cents, or around 6 percent, to US$65.46 a barrel. The market’s main focus is the 411,000-barrel-per-day production hike that...More


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