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.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.