Current Crude Oil Price: WTI Slips to $62.43 on European Market Open

Current Crude Oil Price: WTI Slips to $62.43 on European Market Open

Crude oil prices are under slight pressure as the European markets open on Friday. The benchmark West Texas Intermediate (WTI) price declined to $62.43 per barrel, slipping from Thursday’s close of $62.65.

Brent Crude Also Trades Lower

Following the same trend, Brent Crude Oil is trading at $64.83, also down from the previous day’s close of $65.05. The dip comes as traders weigh macroeconomic concerns, demand recovery, and global trade developments.

Market Sentiment and Outlook

Energy markets remain cautious ahead of further data releases and geopolitical updates. Price action in both WTI and Brent indicates mild bearishness in the short term, with traders likely awaiting cues from global demand trends and supply-side disruptions.

For more oil market insights and price updates, check out:

• Weekly Crude Oil Market Outlook
• WTI vs Brent: Key Differences for Traders
• Geopolitical Risks and Oil Prices