WTI Crude Oil Edges Lower at European Open, Brent Holds Steady

Price of Crude Oil Today: WTI Price Bearish at European Opening

West Texas Intermediate (WTI) crude oil opened the European session on Monday with a slight decline, trading at $61.57 per barrel, marginally below Friday’s close of $61.60. The minor drop reflects cautious sentiment in the market amid broader concerns over global economic conditions and demand outlook.

Meanwhile, Brent crude oil, the international benchmark, remained relatively stable. It fluctuated near its previous daily close, holding around $64.47 per barrel with limited movement.

The subdued activity in oil prices comes as traders await fresh catalysts that could impact supply-demand dynamics, including geopolitical developments, inventory data, and central bank commentary on economic growth and inflation.

Market participants are keeping a close eye on whether WTI can maintain support above $61.50 or if further downside pressure will develop during the U.S. trading session.