Crude Oil Prices Slip as OPEC+ Expected to Boost Production
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2025
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Source: NASDAQ.COM
Crude Oil and Gasoline Prices: Crude oil prices fell due to expectations of increased OPEC+ production and comments from President Trump regarding potential sanctions relief for Iran, while gasoline prices rose supported by projected high travel demand during the Fourth of July holiday.
Market Influences: Weak US economic indicators negatively impacted energy demand, but a decline in crude oil stored on tankers and lower US oil rig counts provided some bullish signals for oil prices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
