Crude Oil Price Pressured by Global Oversupply Concerns

Written on 06/30/2025
Rich Asplund

August WTI crude oil (CLQ25 ) today is down -0.66 (-1.01%), and August RBOB gasoline (RBQ25 ) is down -0.41 (-0.20%). Crude oil and gasoline prices are under pressure today due to expectations that OPEC+ will increase its crude production level by another 411,000 bpd when they meet on Sunday....Floating oil rig in ocean by Keri Jackson via Pixabay
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