Crude Futures Trade Lower in 'Holding Pattern' -- Market Talk

Dow Jones
Jul 22, 2025

1249 ET - Oil futures are lower and showing little reaction to the EU's Russia sanctions and the approach of the U.S. tariff deadline, while pondering the supply and demand situation after the high-demand summer season. "We are in a bit of holding pattern with a lot of large moving parts ahead of us," Neil Crosby of Sparta Commodities says in a note. That includes how much more crude OPEC will export from September onwards, and "more nebulously, what will be the state of global oil demand and non-OPEC supply growth in H2?" he says. WTI is off 0.4% at $67.10 a barrel, and Brent is down 0.4% at $68.98. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

July 21, 2025 12:49 ET (16:49 GMT)

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