Crude Oil Price Today: WTI Rises to $74.71 at European Market Open

WTI Crude Oil Gains in Early European Session

The price of West Texas Intermediate (WTI) crude oil edged higher on Monday, reaching $74.71 per barrel during early trading in the European session, compared to Friday's closing price of $73.77. The move reflects continued market sensitivity to geopolitical developments in the Middle East and global supply expectations.

Brent Crude Remains Flat

Meanwhile, Brent Crude Oil — the global benchmark — remains largely unchanged, trading around $75.93 per barrel, in line with the previous day’s close. This divergence between WTI and Brent highlights regional supply dynamics and market participants' cautious positioning ahead of key global data releases.

Market Sentiment Focused on Middle East Tensions

Investor attention remains fixated on the potential for disruptions in oil exports due to heightened tensions in the Middle East, especially with recent developments involving the Strait of Hormuz. The risk of escalating conflict continues to provide a supportive floor for oil prices.

Internal Linking Suggestions (for Tredu.com):

• Live Oil Price Chart: WTI & Brent
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• WTI vs Brent: Key Differences
• Geopolitics and Energy Markets