COMMODITY
Crude oil futures settle lower amid over supply concerns
Jul-11-2025

Crude oil futures ended lower on Thursday amid concerns about a supply increase for August by OPEC+, huge crude stock inventory in the US, and intensifying US tariff pressures. Besides, reports of the US and Iran to resuming nuclear negotiations have weighed on crude prices. US-Iran nuclear talks likely to resume next week in Oslo, Norway.

Benchmark crude oil futures for August tumbled $1.81 or about 2.65% at $66.57 a barrel on the New York Mercantile Exchange. Brent crude for September fell $1.55 or about 2.21% at $68.64 a barrel on London's Intercontinental Exchange.

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