crude oil price Today as on 4th July, 2025
crude oil price trends: Brent oil Sep futures prices are moving 30 cents or 0.44 pct down at $68.5 a barrel on London based ICE Futures Europe exchange. WTI oil futures prices for August delivery inched down 16 cents or 0.23 pct to $66.84 a barrel on NYMEX on Friday morning during Asian hours. Both the benchmarks closed down last night. Brent premium over trading narrowed down to $1.8 a barrel during the session.
Fundamental Analysis: Oil prices continue to descends today amid bearish sentinment across. Fundamentally speaking, Positive U.S job numbers resembles strong demand outlook. Traders are moving cautiously amid thin trade. U.S trade tariffs news in headlines. OPEC producer’s meet is in watch though markets priced in ‘expected increase’ in supplies. Speculator’s positioning data and rig numbers due later today.
Technical Analysis: Brent RSI indicator near 60 indicating moderate bullishness but declining suggests loss of strength. EMA and MACD suggests bearish pressure. WTi RSI is strogn but near overbought zone, Further upside is limited.
