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Crude oil prices may rebound as supply stabilises and geopolitical tensions ease
The Political and Business Daily
|July 06, 2025
CRUDE oil prices may see a recovery in the near term as positive signals emerge from the supply side and geopolitical tensions show signs of easing, experts said on Saturday.
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While demand concerns continue to weigh on global sentiment, market experts believe crude prices could bounce back if key technical levels are sustained.
West Texas Intermediate (WTI) crude prices remained subdued on Friday, trading near the mid $65 range amid thin holiday trading and weak global demand.
However, analysts are pointing to a potential turnaround, especially with key events like the OPEC+ meeting and the US tariff deadline on the horizon.
This story is from the July 06, 2025 edition of The Political and Business Daily.
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