Oil Prices Dip on Expectations of Another OPEC+ Production Hike
Friday, 4 July 2025 () On a relatively quiet trading day for oil markets, as the U.S. celebrates Independence Day, oil prices have been dragged lower on expectations of further output hikes from OPEC+.Friday, July 4th, 2025 Trading activity was thin towards the end of this week as the United States celebrates Independence Day – with a record-breaking 72 million people traveling – but both ICE Brent and WTI edged slightly lower on expectations of OPEC+ hiking production targets again in August. Whilst OPEC+’s Saturday meeting seems to be a rather…
Oil prices surged as the U.S. joined Israel in striking Iran's nuclear sites, sending shockwaves across global markets. Tehran warned that U.S. aggression has widened its range of legitimate targets,..
U.S. President Donald Trump broke his silence on the Strait of Hormuz crisis with an explosive post on Truth Social, urging oil producers to "KEEP OIL PRICES DOWN" and warning that they’re “playing..
Friday, 4 July 2025 ()
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