Oil Edges Higher With Trade Policy and Demand Signals in Focus

Bloomberg · last updated July 16, 2025 – 6:12 AM

Oil slipped for a third day ahead of data on US inventories, as traders weighed the market’s short-term tightness against an impending surplus.

Brent futures declined about 1%, reversing earlier gains, to trade near $68 a barrel in London. Price gauges indicate that availability is tight for the time being, with a premium of 81 cents on the international benchmark’s prompt spread, and US distillate inventories, which include diesel, touching the lowest level since 2005.

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