crude oil price Today as on 11th July, 2025
crude oil price trends: Brent oil futures prices for Sep month rose 23 cents or 0.335 pct to $68.87 a barrel on London based ICE Futures Europe exchange while WTI August futures prices edged up 32 cents or 0.481 pct to $66.89 a barrel on NYMEX on Friday morning during Asian hours. Both the benchmarks settled 2 pct down last night.
Fundamental Analysis: Trump tariff threats rumbling for another bearish fest in crude markets. Traders are cautious, moving in wait and watch mode amid erratic nature of policy making and flexibility the government is showing around tariffs. On the supply side, OPEC+ set to approve another output boost in Sep, However The group may pause hikes in October. Monthly reports out. OPEC OMR for June month tuned bearish voice with a downward revision of oil demand growth 2025 from 1.3 Mb/d to 1.29 Mb/d. The report also said that OPEC+ has been adding 411kb/d monthly since May. The demand for OPEC+ output is projected at 42.7Mb/d in 2025
Technical Analysis: Brent indicators are strongly showing bearish momenturm while WTI price index moving range bound movement with weak buying strength.
