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Crude oil edges higher as EIA trims its 2025 U.S. oil production forecast (USO:NYSEARCA)

Jul. 08, 2025 7:06 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COM, UCODBO, UNG, FCG, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Crude oil prices edged higher Tuesday, as the oil market’s response to OPEC+’s larger than expected production increase remains muted, with traders saying physical markets remain tight due to seasonal demand.

The Energy Information Administration said in its monthly forecast

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