By tredu.com • 5/29/2025
Tredu
West Texas Intermediate (WTI) crude oil price rose early in the European session on Thursday, trading at $62.64 per barrel, up from Wednesday’s close of $61.62. The bullish momentum reflects ongoing market optimism.
Brent crude oil followed suit, increasing from Wednesday’s close of $64.29 to trade at $65.29. Both benchmarks signal strength in the energy markets amid global supply and demand factors.
Investors remain watchful of geopolitical events and inventory data that could influence crude prices in the coming days. The European trading session sets the tone for daily price movements in the oil market.
Unlock the secrets of professional trading with our comprehensive guide. Discover proven strategies, risk management techniques, and market insights that will help you navigate the financial markets confidently and successfully.