📈 Brent futures rose by 19 cents (0.28%) to $68.83 per barrel, while U.S. WTI crude increased by 24 cents (0.36%) to $66.81 per barrel.
Source: Gazeta.UA
⚠️ Previously, prices had dropped more than 2% due to concerns about the impact of U.S. tariff policy on the global economy and oil demand.
🗣 Trump expressed his intention to make an important statement regarding russia, which caused market unease over the possibility of increased sanctions.
🔥 Tense market conditions are further intensified by seasonal demand growth and the renewed attacks by Houthis on ships in the Red Sea.
🇸🇦 Saudi Arabia plans to supply around 51 million barrels of crude oil to China in August — the largest shipment in more than two years.
📉 OPEC+ will increase production by 548,000 barrels per day in August, with another hike expected in September, which could lead to a market surplus in Q4 and put downward pressure on prices.
🌍 OPEC has lowered its forecast for global oil demand for 2026–2029 due to a slowdown in demand from China.