Oil Holds Biggest Loss in Two Weeks With Focus on OPEC+ Supply

Bloomberg.com · last updated April 23, 2025 – 8:26 PM

Oil held a decline as investors weighed the prospect of more OPEC+ supply and the fallout from trade tensions between the US and China.

Brent traded near $66 a barrel after sliding 2% on Wednesday, while West Texas Intermediate was above $62. Several members of the producer group will seek another bumper supply increase in June as a dispute over compliance to quotas worsens, Reuters reported, citing people familiar with the matter.

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