Try GOLD - Free
Oil Market Outlook
Bangkok Post
|June 09, 2025
Oil prices remained rangebound as trade tensions eased following reports of progress in EU-US talks last week. The prospect of US-China negotiations after the two countries' leaders spoke also lifted sentiment.
-
Oil has traded within a tight range of $4 a barrel since mid-May as markets keep a close eye on tariff and trade developments, while a brewing supply glut later this year remains a concern.
West Texas Intermediate crude rose $2.43 to close at $63.37 per barrel. Brent gained $1.19 to $65.34 and Dubai crude averaged $64.07. Thaioil forecasts that WTI this week will trade between $58 and $68, and Brent between $60 and $70. Some price volatility is possible depending on trade and geopolitical developments. Among the factors expected to influence trade:
This story is from the June 09, 2025 edition of Bangkok Post.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Bangkok Post
Bangkok Post
Tropical storm to bring days more rain
The Thai Meteorological Department (TMD) yesterday warned of continued rainfall this week as a result of Tropical Storm Kalmaegi.
1 min
November 03, 2025
Bangkok Post
US strike on alleged drug vessel in Caribbean kills 3
A US strike on an alleged drug-trafficking vessel in the Caribbean killed three people on Saturday, Pentagon chief Pete Hegseth said, the latest such attack in international waters.
1 mins
November 03, 2025
Bangkok Post
Analysts expect crypto bull market to persist
Renewed US-China trade tensions sparked a massive selloff in the crypto market last month, with Bitcoin plunging from US$122,000 to $107,000 at one point, but analysts are referring to it asa “deep but temporary” reset, adding the bull cycle is not over yet.
2 mins
November 03, 2025
Bangkok Post
Salah’s 250th Liverpool goal sinks Villa
Mohamed Salah’s 250th Liverpool goal ended the Premier League champions’ losing streak in a 2-0 win against Aston Villa, while leaders Arsenal beat Burnley to surge seven points clear on Saturday.
2 mins
November 03, 2025
Bangkok Post
Oil Market Outlook
Oil prices rose last week as trade tensions between the US and China eased following the Trump-Xi summit in South Korea.
2 mins
November 03, 2025
Bangkok Post
Turkey to call for action on Gaza Strip
Turkish Foreign Minister Hakan Fidan is expected to call at a meeting in Istanbul today for arrangements to be made as soon as possible to ensure the security and administration of Gaza by Palestinians, a foreign ministry source said yesterday.
1 min
November 03, 2025
Bangkok Post
PM sorry for border gaffe
Under fire for saying both sides at fault
2 mins
November 03, 2025
Bangkok Post
Bros need some bros in times of loneliness
After my mum died, I went to the same movie every day for a week, a buddy comedy about two divorce mediators who sneak into weddings to seduce women.
3 mins
November 03, 2025
Bangkok Post
Leafs down Flyers, Tanev injured again
Jake McCabe and Nicholas Robertson scored second-period goals to help the Toronto Maple Leafs separate from the hosts Philadelphia Flyers en route to a 5-2 victory on Saturday.
1 mins
November 03, 2025
Bangkok Post
Shippers push for balanced trade deal
Nation’s interests must be protected
2 mins
November 03, 2025
Listen
Translate
Change font size