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WTI crude opened 0.3% lower on Monday, trading at $68.54/bbl.

2026-07-06

WTI crude opened 0.3% lower on Monday, trading at $68.54/bbl.

Other News
2026-07-05

OPEC+: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman adjusted production and reaffirmed their commitment to market stability.

OPEC+: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman adjusted production and reaffirmed their commitment to market stability.
2026-07-05

Guotai Haitong said international oil prices have fallen and domestic fuel prices are set to be reduced month-by-month. The broker notes school summer breaks are slightly later in 2026, presales have accelerated since late June, hotel and rail bookin

Guotai Haitong said international oil prices have fallen and domestic fuel prices are set to be reduced month-by-month. The broker notes school summer breaks are slightly later in 2026, presales have accelerated since late June, hotel and rail bookings are up YoY while air ticket presales lag 2025 amid higher fares, and parent-child travel has remained strong over the past three years and is viewed as inelastic. It expects student-driven passenger traffic to rise from early July, pushing air fares back into positive territory; higher flight completion rates versus Q2, together with peak-season supply-demand support and reduce destructive price competition, should materially improve airline operating performance.
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