Oil Prices - Brent and West Texas Today
Brent crude is trading at $63.18, while WTI is at $59.52, supported by Ukrainian events but affected by demand concerns.
Brent crude is trading at around $63.18 per barrel, while West Texas Intermediate (WTI) is stable at approximately $59.52 per barrel. Brent futures rose to about $63 per barrel on Thursday, supported by Ukrainian attacks on Russian oil assets and the halt of peace talks.
Brent is hovering around $62.9-$63.0 per barrel with an increase of 0.3-0.4%, while WTI is near $59.2-$59.3 per barrel with a rise of 0.5-0.6%. Concerns about weak demand and a potential supply surplus are limiting gains, reinforced by data from the Energy Information Administration showing an increase in U.S. oil inventories.
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