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Rich Asplund

Crude Prices Pressured by Expectations for OPEC+ to Boost Crude Production

Oil OPEC United States Vortexa

July WTI crude oil (CLN25) today is down -0.91 (-1.48%), and July RBOB gasoline (RBN25) is down -0.0255 (-1.23%).

Crude oil and gasoline prices today are sharply lower, with gasoline falling to a 2-1/2 week low. Today's stronger dollar is weighing on energy prices. Crude prices are also under pressure due to concerns about oversupply, as OPEC+ is expected to increase crude output for July when it meets on Sunday.

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