Economics ❯ Market Trends ❯ Commodity Prices ❯ Oil Market

Geopolitical Impact

OPEC+ Agrees 188,000 bpd August Increase as Hormuz Flows Recover

Trapped Gulf barrels returning through a reopened Strait of Hormuz with weak Chinese buying raise the risk of a short-term global oil surplus.

Bitcoin Rebounds to ~$69,000 After Oil’s Surge Unwinds as Flows and Derivatives Drive Churn

White House Pushes Putin–Zelensky Talks as U.S. Rules Out Troops and Targets India With Tariffs