Crude Oil Price Update: WTI Rises to $65.12 as European Markets Open Higher

Crude Oil Price Update: WTI Rises to $65.12 as European Markets Open Higher

The West Texas Intermediate (WTI) crude oil price advanced during the early European session on Friday, reflecting bullish sentiment in global energy markets. As of writing, WTI is trading at $65.12 per barrel, higher than Thursday’s close of $64.75.

Similarly, Brent crude oil followed the upward move, currently quoted at $67.06, up from $66.66 the day before.

Crude Oil Price Snapshot:

• WTI Crude Oil:
  • Current: $65.12
  • Previous Close: $64.75
• Brent Crude Oil:
  • Current: $67.06
  • Previous Close: $66.66

What’s Driving the Upside?

The modest uptick in prices may be attributed to:

• A stronger risk environment in early European equities
• Weaker US Dollar, increasing the appeal of USD-denominated commodities
• Ongoing demand from the summer travel season in the US

While no major geopolitical developments have hit the tape yet, oil traders continue to monitor supply-side dynamics and broader macroeconomic indicators.

For more intraday insights and live commodity price movements, visit our Energy Market News.