NYMEX WTI Crude August futures settle at $66.52 a barrel, down 46 cents, 0.69%.

NYMEX WTI Crude August futures settle at $66.52 a barrel, down 46 cents, 0.69%.

On July 2, 2025, the NYMEX WTI Crude August futures settled at $66.52 per barrel, marking a decline of 46 cents, or 0.69% from the previous session [1]. This drop comes amidst a mix of geopolitical tensions and economic indicators that continue to shape the global oil market.

The price adjustment reflects the ongoing volatility in the crude oil market, driven by a combination of factors including supply and demand dynamics, geopolitical uncertainties, and market sentiment. Analysts note that the recent fluctuations in prices are partly due to the changing expectations surrounding OPEC+ production policies and the impact of the global economic slowdown on energy demand.

The WTI Crude August futures contract, one of the most liquid and widely traded oil contracts, offers investors direct exposure to the crude oil market. With over 4 million contracts of open interest and daily trading volumes exceeding 1 million, it remains a key benchmark for global oil prices [1].

Investors and traders are closely monitoring key economic reports and geopolitical events that could influence the oil market. The U.S. Energy Information Administration (EIA) and the American Petroleum Institute (API) releases, along with OPEC meetings and other policy updates, are among the critical factors that can impact crude oil prices [1].

As the global economy continues to navigate through uncertainty, the WTI Crude futures market remains a critical tool for hedging and speculating on oil price movements. The ability to trade around the clock and the high liquidity of the market make it an attractive option for investors seeking to manage their exposure to crude oil price volatility.

References:

[1] https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.settlements.html