Crude Oil Prices Dip: WTI Opens Lower at $62.59, Brent Slips to $65.20

Crude Oil Prices Slide at European Open: WTI at $62.59, Brent at $65.20

Oil Markets Open Lower on Wednesday Amid Weak Sentiment

Crude oil prices started the European session on a weaker footing Wednesday. The WTI crude benchmark is trading at $62.59 per barrel, falling from Tuesday’s close of $62.84.

Similarly, Brent crude oil is down to $65.20, compared to its previous close of $65.43, as traders assess supply dynamics and global economic concerns.

See also: Live Oil Price Tracker – WTI & Brent

Macro Concerns and Supply Factors Influence Oil Sentiment

Ongoing macroeconomic uncertainty, including tariff tensions and slowing manufacturing demand, have kept oil prices under pressure. Market participants are also closely watching inventory data and OPEC+ commentary for signals on output changes.

Read more: What’s Driving Oil Prices This Week

Suggested Internal Links:

• Energy Markets Outlook – Midweek Update
• How Crude Oil Impacts Forex Pairs
• Commodities Trading Guide for 2025