July 3, 2025 - Oil prices fell in Asian trading due to concerns over weak demand in the United States.
Brent crude futures decreased by 0.77% to $68.58 per barrel, while U.S. West Texas Intermediate (WTI) crude fell by 0.76% to $66.94 per barrel.
The U.S. Energy Information Administration (EIA) reported a rise in domestic crude inventories and a decline in gasoline demand, raising concerns about consumption. OPEC+ is expected to agree on increasing production by 411,000 barrels per day.