Silver to $39.50: Up 9.4% Past 30 Days
Oil prices remained stable on Tuesday as markets balanced two key factors: the expected OPEC+ production increase in August and ongoing U.S. trade negotiations. Brent crude edged up to $66.79 per barrel while WTI rose slightly to $65.15.
OPEC+ is anticipated to announce a 411,000 barrel-per-day output boost at their July 6 meeting, continuing their pattern of supply increases. Meanwhile, investors are closely monitoring U.S. tariff negotiations ahead of President Trump’s July 9 deadline, which could see rates jump significantly. Looking ahead, Morgan Stanley predicts oil prices could fall to around $60 by early 2025 due to oversupply concerns.
