Crude Oil Prices Rise: WTI and Brent Bullish at European Market Open

Crude Oil Prices Rise: WTI and Brent Bullish at European Market Open

Crude oil prices continued to show modest strength during Thursday’s early European session, reflecting a cautiously optimistic sentiment in energy markets.

As of the latest reading:

• West Texas Intermediate (WTI) oil trades at $65.49 per barrel, up slightly from Wednesday’s close of $65.44.
• Brent crude also saw upward movement, reaching $68.10, compared to $68.03 from the previous session.

Oil Prices Gain Ground Amid Stable Demand Outlook

The bullish tone in oil markets comes amid an improved global demand outlook and lower supply concerns, with traders watching macroeconomic indicators and geopolitical developments closely. WTI and Brent both reflect resilience near key resistance levels, supported by steady buying interest.

What to Watch Next

Investors will continue to monitor:

• US crude inventory data
• OPEC+ output decisions
• Geopolitical tensions in key oil-producing regions

These factors could add momentum or bring volatility to crude benchmarks in upcoming sessions.

Conclusion

The upward trend in WTI and Brent reflects a cautiously constructive market. With energy demand showing signs of stabilization, short-term bullish momentum could continue if no major bearish catalysts emerge.

For ongoing oil price analysis and market updates, explore our Commodities Section on Tredu.