Oil futures pull back after rally

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Published31 JUL 25 - 09:28 Reading time minutes

If the sanctions are avoided, “if it’s business as usual, the fundamentals for oil should weaken,” says Neil Crosby, of Sparta Commodities. “A lot of people are expecting weaker demand going forward, OPEC are due to export probably a lot more oil after summer, and with those two things combined you should start to see more of these inventory builds.”

Wall Street Journal, July 31, 2025 – Oil prices slipped after a three-day rally, with WTI down 1.1% at $69.26 and Brent off 1% at $72.53. Neil Crosby of Sparta Commodities warned that without sanctions, rising OPEC+ exports and soft demand could lead to stock builds. Traders remain focused on potential policy shifts and evolving global crude flows.

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Topics Crude

Author

Neil Crosby

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