Crude Futures Add to Post OPEC+ Gains -- Market Talk

Dow Jones

2025/07/09

12:40 ET - Oil futures are adding to the previous day's gains as the market continues to shrug off OPEC+ plans for an even larger output increase in August, while conflict in the Middle East remains a factor after the Israel-Iran cease-fire had removed a large chunk of geopolitcal risk premium. "I think we're getting a little more geopolitical unrest coming back into the picture," says Dennis Kissler of BOK Financial. "I also think global demand is still strong and until I see that waver, I think the market's fairly priced between $65 and $70." WTI is up 0.8% at $68.45 a barrel, and Brent is 0.9% higher at $70.21 (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

July 08, 2025 12:40 ET (16:40 GMT)

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