Crude oil prices stabilized today as traders anticipate yet another 411,000-bpd boost in OPEC+ supply to be announced at the end of this week when the group meets, with downward pressure coming from the latest weekly U.S. inventory report.
Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday, as firms grappled with a jump in steel tariffs.
Curious Minds Corner
What major road-building material is a direct byproduct of oil refining?
Asphalt (bitumen), the black, sticky substance used to pave most roads, is derived from the heavier fractions of crude oil.