Crude Oil Price Today: WTI Drops to $61.11 in Early European Trading

Crude Oil Price Today: WTI Price Bearish on European Opening

Crude oil prices slipped on Tuesday morning during early European trading, extending the weakness seen at the start of the week. West Texas Intermediate (WTI) crude oil fell to $61.11 per barrel, down from Monday’s closing price of $61.35. The move reflects continued caution in the energy markets amid broader macroeconomic and geopolitical uncertainties.

Brent crude oil followed a similar path, declining to $63.96 per barrel compared to its previous close of $64.21. Both benchmarks are experiencing downward pressure as traders weigh signals of weakening demand, concerns about global economic growth, and inventory trends.

Market participants remain alert to developments in the Middle East, OPEC+ production guidance, and US inventory data expected later in the week, all of which could influence short-term price direction. Until clearer catalysts emerge, crude oil appears to be consolidating with a slight bearish tilt.

Traders are advised to watch for technical support levels and any policy commentary from major producers that could shift the supply-demand narrative in the near term.