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June ' 25 Crude Oil Report

Expected increase in oil supply by OPEC, a possible shallow recession in the US and lower global growth consensus may weigh on the crude prices in the near term and keep it lower. However, we need to keep an eye on the final trade tariff deals between the US and other countries and its impact on crude prices in the longer run and if the oil demand growth would increase in the coming months against a rise in oil supply.
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