Expects a ‘sound’ second half for 2025 world economy after it was stronger than expected in H1Sees 2026 non-OPEC supply up 730k bpd vs +800k priorSees 2026 US shale output flatOPEC+ crude output rose 180K bped in May
Oil is in focus today. WTI rose as high as $77.49 at the open but is all the way back to $71.98, down $1.00 on the day on better signals for peace between Iran and Israel.
This article was written by Adam Button at www.forexlive.com.