Oil Holds Decline As Traders Assess Outlook For Russian Supply

US benchmark West Texas Intermediate traded near $67 a barrel, while Brent settled near $69 in the previous session.

Bloomberg News

Published On

15 Jul 2025, 06:38 AM IST

Last Updated On

15 Jul 2025, 06:38 AM IST

Oil has lost about 7% this year, hurt by the fallout from Trump’s trade war, signs of demand challenges in top importer China, and moves by OPEC+ to relax supply curbs. (Source: Bloomberg)

Oil held a drop — after slumping by more than 2% on Monday — as US President Donald Trump’s latest plan to pressure Russia refrained from immediate new measures aimed at hindering Moscow’s energy exports.

Also Read: Oil Rises On Speculation Trump Plans To Sanction Russian Crude

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Oil Holds Decline As Traders Assess Outlook For Russian Supply

US benchmark West Texas Intermediate traded near $67 a barrel, while Brent settled near $69 in the previous session.

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