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The IEA June 2025 Oil Market Report forecasts world oil demand growth of 720 kb/d in 2025 and 740 kb/d in 2026. Global supply rose 330 kb/d in May to 105 mb/d as OPEC+ unwound voluntary cuts, and Russian export revenues fell.
Rising supply growth outpacing demand points to a looser crude balance, which tends to push energy and input costs lower for feed buyers.
iea.orgJun 17, 2025After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% 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.
