NYMEX WTI crude oil futures have traded in a range of $55.12 to $79.39 per barrel in 2025. At just above the $62 level in mid-August, the energy commodity is sitting below the midpoint of the 2025 trading range. In my Q2 Barchart report on the energy sector, I concluded with the following:
Meanwhile, OPEC+ has increased petroleum output, and the U.S. energy policy now favors a “drill-baby-drill” and “frack-baby-frack” approach to oil and gas. Increasing U.S. and OPEC+ output could put downward pressure on prices. The bottom line is that petroleum and product prices could be highly volatile over the second half of 2025.
