COMMODITY
Crude oil futures end lower amid Trump's 50-day ultimatum to Russia
Jul-16-2025

Crude oil futures ended lower on Tuesday as the previously predicted supply-side pressure from Russia due to President Donald Trump's sanctions waned with his 50-day ultimatum. Meanwhile, the OPEC Monthly Oil Market Report (MOMR) said that the producers pumped 41.559 million barrels per day of crude oil in June, up by 349,000 bpd from May but lower than their planned 411,000 bpd increase. 

Benchmark crude oil futures for August fell $0.46 or about 0.69% at $66.52 a barrel on the New York Mercantile Exchange. Brent crude for September plunged $0.50 or about 0.72% at $68.71 a barrel on London's Intercontinental Exchange.

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