Loading…
OPEC's June report trimmed its 2025 world oil demand growth estimate to 1.29 million b/d while raising its call on OPEC+ crude by 100,000 b/d for 2025. The report flagged bullish views on the world economy following the US-China tariff thaw.
A higher call on OPEC+ crude signals tighter balances for OPEC supply, which supports crude prices, although the slightly lower demand growth limits the upside.
spglobal.comCharlie MitchellJul 1, 2025After 116 past bullish report events, BRENT moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 56 past neutral report events, WTI moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
