Crude Oil Price Today: WTI Turns Bullish at European Open

Crude Oil Price Today: WTI Gains Ground as European Markets Open

WTI Price Moves Higher in Early European Trading

West Texas Intermediate (WTI) Crude Oil opened Monday’s European session on a bullish note, trading at $64.82 per barrel, slightly higher than Friday's close of $64.54. The uptick reflects improving market sentiment amid stable global supply expectations and easing geopolitical risk.

Brent Crude Holds Steady

Meanwhile, Brent Crude Oil remains unchanged from its previous close, holding firm at around $66.33 per barrel. The consistency in Brent pricing suggests a balanced outlook between demand recovery and anticipated supply increases from OPEC+ nations.

(H2) Market Context: Easing Tensions and Supply Outlook

The market continues to react to the recent ceasefire in the Middle East and expectations of a 411,000 bpd increase in OPEC+ supply starting in August. These developments have removed some of the geopolitical risk premium from oil prices, supporting moderate bullish trends in WTI.

Internal Linking Suggestions:

• OPEC+ Production Plan and Impact on Oil Markets
• Live Crude Oil Chart & Forecast Tools
• Middle East Ceasefire and Commodity Impact