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Strategies & Market Trends : Natural Resource Stocks

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isopatch

To: roguedolphin who wrote (108077)	6/27/2025 12:17:28 PM
From: roguedolphin	1 Recommendation Read Replies (1) of 108586

Trading Economics: WTI crude oil futures rose for a third straight session toward $66 per barrel on Friday morning but remained on track for its worst week since March 2023, following a ceasefire between Israel and Iran. > Oil prices swung within a $15-per-barrel range this week, surging on Monday after the US bombed Iranian nuclear sites, then easing after President Trump announced a ceasefire, soothing fears of supply disruptions from the region. Since then, Trump has sent mixed signals about his pressure campaign on Iran’s oil revenues, admitting US sanctions have done little to stop China’s purchases. > Meanwhile, rising fuel demand amid the US summer driving season is supporting prices, with *crude inventories hitting an 11-year seasonal low*. > A subdued dollar also helped cushion losses by making the dollar-denominated commodity less expensive. > Investors have now shifted focus to progress in US-China trade talks, as well as the July 6 OPEC meeting.

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