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Oil Price Forecast: Supply Growth Keeps WTI and Brent Rebound on a Short Leash
FORECASTSJUL 7, 2026
Oil Price Forecast: Supply Growth Keeps WTI and Brent Rebound on a Short Leash
Oil prices are trying to stabilize, but the rebound remains fragile as traders weigh rising supply against uncertain demand. WTI is centered on the $66 support area, while Brent needs a stronger recovery above $80 to improve the short-term outlook.