Oil Futures Slip Following Post-OPEC+ Gains -- Market Talk

Dow Jones
Jul 08, 2025

0929 ET - Crude futures are steady to lower after gaining yesterday despite another big OPEC+ output increase for August. "While concerns over rising supply have flattened the curve beyond the summer, prompt prices continue to find support from an expected demand peak in August 2025," Mukesh Sahdev of Rystad Energy says in a note. OPEC+ is also addressing bearish concerns related to non-compliance and overproduction by some members, and the postponement of the U.S. tariff deadline to Aug. 1 has also helped support prices, he adds. WTI is off 0.3% at $67.71 and Brent slips 0.2% to $69.44. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

July 08, 2025 09:29 ET (13:29 GMT)

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