Trading news
Jul 7, 2025
WTI slumps to near $65.00 as OPEC+ hikes August output larger than expected
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.00 during the early Asian trading hours on Monday. The WTI price slumps after the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to a bigger-than-expected production increase in August.
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