Crude oil prices have remained range-bound between $60–$70 a barrel in 2025 as supply exceeds demand amid geopolitical tensions and U.S. tariff disruptions. With strong U.S. output, steady Russian exports, and India’s rising demand, analysts expect Brent to average around $68 this year.
Oil Price Today (July 27): Crude oil dips 5%, below $95 as US pauses strikes on Iran. What are experts saying?
Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US West Texas