Crude oil futures settled down $-1.13 or -1.67% at $66.55. The low price reached $66.40. The high price reached $67.91.
IEA forecasts global oil demand to rise by 1 million bpd in 2025, up from 0.83 million bpd in 2024.Supply expected to outpace demand by 0.6 million bpd, with OPEC+ set to restore 2.2 million bpd of production cuts and rising output from North and South America.Meanwhile, the U.S. trade wars create economic uncertainty, with new tariffs and retaliatory measures increasing downside risks. On the positive side, the markets are pricing in 3 Fed cuts between now and the end of the year.
The 10-year yield is trading at 4.279%. That is down from its January high at 4.809% but remains above the low price reached in March at 4.108%.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us crude oil futures settled 66 55 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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