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Oil extends decline on rising Middle East supply - REUTERS

JUNE 25, 2026

By Colleen Howe and Siyi Liu

BEIJING/SINGAPORE, June 25 (Reuters) - Oil prices extended their decline on Thursday to near levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns.

Prompt-month Brent crude futures for August delivery fell $1.06, or 1.44%, to $72.68 a barrel by 0639 GMT, while U.S. West Texas Intermediate lost 76 cents, or 1.08%, to $69.58 a barrel.

MARKET NEWS

June 25 Sterling Climbs to 10-Month High Against Euro as Markets Await Burnham's Economic Team - REUTERS June 25 Oil falls below $75 per barrel for first time since start of Iran war - YAHOO FINANCE June 25 China’s Crude Imports Plunge To Lowest Level Since 2018 - OIL PRICE.COM June 25 US rate-hike bets hold dollar near 13-month highs - REUTERS June 25 CBN reports N17.4tn surge in FG borrowing - PUNCH June 25 Manufacturing credit drops N1.92tn amid funding gaps - PUNCH June 25 Manufacturing credit drops N1.92tn amid funding gaps - PUNCH June 25 Brent crude falls below $74 for first time since start of the Iran war - EURO NEWS June 25 How the US Dollar Got Its Mojo Back - BARRON'S June 25 Euro Falls Against Dollar on Shift in Rate Rise Bets, Weak German Data - BARRON'S June 25 Cardoso launches CBN Naira Ambassadors Club to promote respect for currency - VANGUARD June 25 Naira down to N1,385/$ in parallel market - VANGUARD June 25 Nigerian currency records highest depreciation in two weeks - DAILY POST June 25 Oil extends decline on rising Middle East supply - REUTERS June 24 Korea’s Surging Equity Volatility Draws Meme-Stock Comparisons June 24 Binance vows to stay in Europe despite licence setback - REUTERS June 24 Dollar climbs to 13-month high on Fed hike bets, safe-haven bid - REUTERS June 24 South African rand weakens as firmer dollar and hawkish Fed dampen risk appetite - REUTERS June 24 Nigerian SEC orders halt to marketing for Dangote refinery IPO - REUTERS June 24 Brent falls below $76, notching its lowest level since day before U.S.-Iran war - REUTERS June 24 Gold and silver tumble as rate-hike fears hit precious metals June 24 CBN warns against naira abuse, unveils students’ club - PUNCH June 24 Nigerian Naira appreciates after four days of decline - BUSINESS POST June 24 Naira rises to N1,394/$ in parallel market - VANGUARD June 24 Cardoso Launches Naira Ambassadors Club, Warns Currency Abuse Raises Costs for Economy - THISDAY June 24 Naira has found its value - Onanuga - DAILY POST June 24 Naira depreciates against dollar at official FX market - NIGERIAN TRIBUNE June 24 Oil-driven FX inflows swell Nigeria’s money supply as businesses hold back borrowing... (read more) June 24 Nigerian Naira returns to depreciation - DAILY POST June 24 Bank rate-setter Taylor urges 'extended hold' for interest rates - THE INDEPENDENT

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