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Home Market Research Business

Oil futures flip higher as signs of strong demand outweigh larger OPEC+ output boost

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 2 mins read
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Oil futures flip higher as signs of strong demand outweigh larger OPEC+ output boost
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Jul. 07, 2025 7:23 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COM, UCODBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor

SlavkoSereda/iStock via Getty Images

Crude oil futures shook off their early negative reaction to the bigger than expected OPEC+ production increase to settle higher, as markets determined that OPEC+’s confidence in phasing out cuts at a faster pace suggests an optimistic outlook for demand.

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