COMMODITY
Crude oil futures end deeply in red on Friday
Jul-26-2025

Crude oil futures ended deeply in red on Friday as traders worried about negative economic news from the U.S. and China and signs of growing supply. New orders for U.S.-manufactured capital goods unexpectedly fell in June while shipments of those products increased moderately, suggesting business spending on equipment slowed considerably in the second quarter. Meanwhile, in China, the world’s second-biggest economy, fiscal revenue dipped 0.3% in the first six months from a year earlier. Besides, oil prices fell on reports that the U.S. might allow partners of Venezuela's state-run PDVSA to resume operations, sparking concerns of over-supply.

Benchmark crude oil futures for September fell $0.88 or about 1.33% at $65.15 a barrel on the New York Mercantile Exchange. Brent crude for September dropped $0.74 or about 1.1% at $68.44 a barrel on London's Intercontinental Exchange.


  RELATED NEWS >>