Crude oil price today as on 18th March, 2025
Crude Oil Flat Price Trends Today
Crude oil Brent futures prices are moving up at $71.12 a barrel while WTI Futures prices for April delivery moving flat at $67.39 a barrel on Tuesday morning hours. Both the world benchmarks settled below 0.5 pct up yesterday night after positive sentiment buoyed up by fundamentals.
Spreads
Brent WTI spread is the difference in Brent crude oil spot price and WTI crude oil spot price. Brent spread over WTI remains flat at $3.49 a barrel during the session.
Crude Oil Price Fundamental Analysis
The combination of increased stimulus from China and heightened attack by the Houthi rebels boosted oil prices. Soften dollar also lent support to crude complex. The negative to crude is more focused on tariffs, Russia/Ukraine peace negotiations this seek. Broad economic concerns, demand fears and OPEC plans to increase supplies are the factors prevailed in the market.
Crude Inventory Data Analysis
Weekly numbers are expected to be bearish this week. API numbers are due later today followed by EIA confirmations.
Crude Oil Technical Analysis
Investors are becoming increasingly bearish over petroleum futures and options. Hedge funds and other money managers sold equitant of 33 mb in the six most important petroleum futures and options over the week ending March 11th.
Srinivas Chowdary Sunkara comments on crude oil price movement
Institutional data showed bearish outlook in the crude market this week. Trump call to Putin and weekly numbers are under watch.
