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    • Oil Prices Rise in Asia on Supply Concerns

    By on June 3, 2025
    crude oil
    crude oil

    Singapore: Oil prices in Asia today rose on supply concerns. Brent crude futures rose 55 cents or 0.85% to $65.18 per barrel.

    US West Texas Intermediate Crude was up 59 Cents, or 0.94 %, to $63.11 per barrel after rising by around 1% in the previous session.

    Both contracts rose by nearly 3% the day before after OPEC+ decided to limit the increase in production in July to 411,000 barrels a day. This was lower than the market expected and similar to the rise in previous months.

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