Oil prices remained stable on Wednesday, July 2, 2025, as investors awaited the upcoming OPEC+ meeting that will determine August production levels.
Brent crude rose by one cent to $67.12 per barrel, while U.S. West Texas Intermediate crude slipped by five cents to $65.40 per barrel.
Since the cessation of conflict between Iran and Israel, Brent has traded between $69.04 and $66.34 per barrel since June 25, with reduced concerns over Middle East supply disruptions.
OPEC+ is expected to increase output by 411,000 barrels per day in its upcoming meeting on July 6.
Source: (Al Arabiya.net Website, Edited)
