Crude oil price today as on 21st February, 2025
Crude Oil Flat Price Trends Today
Crude oil Brent futures prices for April delivery up at $76.67 a barrel on Friday morning hours. WTI Futures prices for April delivery trading at $72.7 a barrel during Asian hours today at the time of reporting. Both the benchmarks flat futures closed up last night. Brent crude oil futures rose 44 cents or 0.58 pct to $76.48 a barrel while WTI oil March futures prices went up 32 cents a barrel or .44 pct to $72.57 a barrel last night.
Brent WTI Spreads
Brent WTI spread is the difference in Brent crude oil spot price and WTI crude oil spot price. Brent spread over WTI widened to $4.23 a barrel during the session.
Crude Oil Price Fundamental Analysis
Prevailed supply fears and positive product weekly numbers kept support to 3 day streak of gains. Tariffs talk, predictive rise in prices, Inflation amid gloomy economic outlook keep weigh on oil complex. Demand concerns From Europe and China keep prices in check.
Crude Inventory Data Analysis
U.S weekly inventory data out yesterday. U.S crude stocks piled up more than expected. Gasoline and Distillates stocks are drawn due to refinery maintenance. Positive product numbers lent support to oil prices.
Crude Oil Technical Analysis
Oil price index curves moving flat with little upside momentum. Speculators buying interest in brent and WTI current month futures keep index flat. Institutional data will provide some clues on investors front.
Srinivas Chowdary Sunkara comments on crude oil price movement
crude markets set to log in weekly gains. Markets move sideways today.
