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Oil prices decline as geopolitical risks in Middle East recede

Oil prices fell 1 percent in early Asian trading today, as receding geopolitical risks in the Middle East and the possibility of another OPEC+ production increase in August boosted supply expectations

TAS News Service

info@thearabianstories.com

Monday, June 30, 2025

Singapore – Brent crude futures for August delivery fell 66 cents, or 0.97 percent, to $67.11 a barrel, while U.S. West Texas Intermediate crude fell 94 cents, or 1.43 percent, to $64.58 a barrel.

Both benchmarks posted their largest weekly losses since March 2023 last week, but are expected to end June trading with monthly gains exceeding 5% for the second consecutive month

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