Crude Oil Prices Decline: WTI Trades Lower at $62.07 in European Session

WTI Crude Oil Remains Bearish, Drops to $62.07 in Early European Session

Published: Thursday, June 5, 2025 | Source: Tredu Commodities Desk

Crude oil prices slipped during the early European session on Thursday, continuing a bearish trend from midweek. West Texas Intermediate (WTI) crude is now trading at $62.07 per barrel, slightly down from Wednesday’s close of $62.16.

Brent Crude Also in Decline

In parallel, Brent crude oil prices edged lower to $64.58, compared to the previous daily close of $64.67. The pullback reflects persistent market concerns about global demand, especially amid weakening economic data from major economies and signs of slowing fuel consumption.

Key Price Snapshot (June 5, 2025):

• WTI Oil: $62.07
• Brent Crude: $64.58

Why Oil Prices Are Falling

Several key factors are weighing on oil prices:

• Weak global demand outlook
• Uncertainty over future OPEC+ supply decisions
• Stronger U.S. dollar adding pressure on commodity prices

Analysts suggest crude may continue trading within a tight range, unless there’s a decisive shift in supply dynamics or economic sentiment.

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