Current Crude Oil Price: WTI Under Bearish Pressure at European Open

Current Crude Oil Price: WTI Under Bearish Pressure at European Opening

West Texas Intermediate (WTI) crude oil fell on Friday during the early European trading session, slipping to $60.41 per barrel, down from Thursday’s close of $60.61. The bearish pressure persists amid cautious global sentiment and oversupply concerns.

Brent Crude Also Softens

Brent crude oil, the global benchmark, also moved lower, now quoted at $63.08, compared to its previous daily close of $63.30.

This simultaneous dip in both WTI and Brent suggests a broad risk-off tone across the energy markets as traders assess demand outlooks and inventory builds.

Market Factors at Play

• Bearish momentum continues amid sluggish global demand projections.
• Possible profit-taking ahead of key US and OPEC+ updates.
• Oil traders remain cautious amid recent macroeconomic signals.

Key Levels:

Crude TypeCurrent PricePrevious CloseWTI$60.41$60.61Brent$63.08$63.30

For real-time updates and deeper analysis, visit our Crude Oil Market News section.

💡 Pro tip: Track short-term momentum shifts using key technical indicators like EMA and RSI, especially when prices consolidate near critical levels.