- Expects a ‘sound’ second half for 2025 world economy after it was stronger than expected in H1
- Sees 2026 non-OPEC supply up 730k bpd vs +800k prior
- Sees 2026 US shale output flat
- OPEC+ crude output rose 180K bped in May
Oil is in focus today. WTI rose as high as $77.49 at the open but is all the way back to $71.98, down $1.00 on the day on better signals for peace between Iran and Israel.
This article was written by Adam Button at www.forexlive.com.
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