Global Oil Prices See Slight Uptick

SANA
02 Jul 2025, 15:44 GMT+10

London, SANA-Oil prices saw a modest uptick during Wednesday trading session, marking the second consecutive day of gains amid anticipation surrounding upcoming decisions by OPEC+ member states.

According to Reuters, Brent crude rose by five cents to reach $67.16 per barrel, while U.S. West Texas Intermediate (WTI) crude held steady at $65.45 per barrel.

Market expectations are growing that the eight OPEC+ countries will accelerate the phased rollback of their voluntary production cutstotaling 2.2 million barrelsby adding 411,000 barrels per day starting in August.

Etemad/Manar Salameh

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