Crude Oil Prices Drop: WTI Slips Below $66 in Early European Trade

Crude Oil Prices Fall in Early European Trade on Tuesday

June 25, 2025 – Energy Market Update
Crude oil prices are in the red on Tuesday morning as West Texas Intermediate (WTI) fell to $65.56 per barrel, down from Monday’s close of $66.99. Brent Crude also followed the downtrend, sliding to $68.05 after settling at $69.27 the previous day.

Geopolitical Calm and Fed Expectations Weigh on Oil

The drop in oil prices follows easing geopolitical tensions in the Middle East, especially after a ceasefire agreement between Israel and Iran reduced fears of supply disruptions.

Additionally, speculation over a potential July interest rate cut by the US Federal Reserve weakens the US Dollar, which normally supports oil prices. However, traders appear to be booking profits after last week’s highs, contributing to the current bearish sentiment.

Key Price Levels to Watch

• WTI Immediate Support: $64.80
• WTI Resistance: $66.90
• Brent Support: $67.00
• Brent Resistance: $69.30

Related Oil Market Insights on Tredu.com:

• WTI Rebounds From One-Week Lows but Still in Red
• Fed Rate Cut Hopes Pressure US Dollar
• Israel-Iran Ceasefire Reduces Oil Market Risk Premium