Brent crude oil futures rise 1%, currently at $66.16 per barrel.

Brent crude oil futures rise 1%, currently at $66.16 per barrel.

Brent crude oil futures rose by 1% on Tuesday, September 2, 2025, reaching $66.16 per barrel. This increase follows a period of volatility in global energy markets, driven by various geopolitical and economic factors.

The rise in Brent crude oil prices is partly attributed to concerns about the stability of Russian supplies. According to Interfax, oil prices are rising amid concerns about the reliability of Russian oil supplies [2]. This sentiment is likely to persist as the market anticipates potential disruptions in Russian oil exports.

Additionally, the global macro models and analyst expectations suggest that Brent crude oil is expected to trade at $66.04 per barrel by the end of this quarter and $67.44 in the next 12 months [1]. These forecasts indicate a gradual upward trend in oil prices, which could be influenced by the upcoming OPEC+ meeting scheduled for Sunday, September 7, 2025.

The OPEC+ meeting is expected to discuss further raising oil output, which could potentially impact the current price dynamics. Analysts predict that OPEC+ may agree to unwind more output cuts, which could lead to a decrease in oil prices [4]. However, the exact outcome of the meeting remains uncertain, and the market is closely monitoring the developments.

In conclusion, the rise in Brent crude oil futures to $66.16 per barrel reflects a combination of geopolitical concerns and market expectations. The upcoming OPEC+ meeting will play a crucial role in shaping future price trends. Investors and financial professionals should closely follow the developments in the energy market to make informed investment decisions.

References:
[1] https://tradingeconomics.com/commodity/brent-crude-oil
[2] https://report.az/en/energy/brent-crude-oil-price-rises-to-68-43-per-barrel
[4] https://www.morningstar.com/news/dow-jones/202509057355/dow-jones-top-energy-headlines-at-4-pm-et-oil-futures-extend-losses-ahead-of-opec-meeting-orsted