Crude Oil Price Today as on 27th May, 2025.
Crude oil Brent July futures are trading down at $63.99 a barrel on London based ICE Futures Europe exchange while WTI oil futures for July delivery are trading lower at $61.25 a barrel on NYMEX on Tuesday morning during Asian hours. Both the benchmarks closed down last night. Brent premium over WTI remained unchanged at $3.26 a barrel during the session.
Fundamental Analysis: Crude oil benchmark price index curves flirted with bearish sentiment. Fundamentals remains unchanged. Producer’s council decision to boost output from this month keep weigh on oil complex while Trump consideration of extending trade talk deadline with EU keeping floor to oil prices. U.S stock data sheet is due. Iran set the OSP for its light crude oil grade for Asian buyers at $1.8 a barrel above the Oman/Dubai average for June.
Technical Analysis: RSI below 50 for both the benchmarks suggests bearish to mild recovery. Brent is trading in a tight range with a recent bullish MACD crossover, though momentum is fading. Price is below the 50-day EMA, keeping the short term bias bearish.
