By tredu.com • 6/25/2025
Tredu
West Texas Intermediate (WTI) crude oil prices edged higher at the start of the European session on Wednesday, continuing bullish momentum from the previous day. WTI is currently trading at $65.09 per barrel, up from Tuesday’s closing level of $64.72.
The Brent Crude Oil price, the global benchmark, also showed strength early Wednesday. Brent rose from $66.87 on Tuesday to trade around $67.23, supported by broader market optimism and lower geopolitical risk in the Middle East.
The gains in oil come amid easing tensions between Israel and Iran, helping reduce concerns over major supply disruptions. This risk-on sentiment has also supported other commodities and resource-linked currencies.
With crude oil prices recovering this week, investors will closely monitor:
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.