COMMODITY
Crude oil futures settle lower on Monday
Jul-01-2025

Crude oil futures ended lower on Monday amid easing Middle Eastern tensions as well as concerns of excess supply as OPEC+ plans to scale up production. OPEC+ are reportedly preparing for a fourth bumper oil supply hike of 411,000 bpd beginning in August.

Benchmark crude oil futures for August declined $0.41 or about 0.6% at $65.11 a barrel on the New York Mercantile Exchange. Brent crude for August fell $0.16 or about 0.24% at $67.61 a barrel on London's Intercontinental Exchange.

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