Crude oil price today as on 22nd April, 2025
Brent oil prices for June delivery rose 1.27 pct to $66.13 a barrel on London based ICE Futures Europe exchange while U.S crude oil futures for May delivery, expires on Tuesday was at $63.53 a barrel on NYMEX. The most actively traded WTI June contract was up 0.7% or 45 cents at $62.86 a barrel at the time of reporting. Both the benchmarks prices declined around 2 pct on Monday amid negative sentiment.
Crude oil benchmark price index curves turned up after investors took the advantage of yesterday’s losses to cover short sell-off. Lingering worries over widening tariff war persisted in the market. The growing uncertainty surrounding U.S monetary policy is expected to spill over fears across financial markets. Turning to supply side, Iran oil exports face imminent downside risks due to U.S sanctions. Putting some light on weekly reports, U.S crude and gasoline stocks are expected to fall while distillates stocks rose during the last week as per API numbers. eia will confirm numbers later today. On the technicals front, Investors left brent market while wti longs widened with shorts recovered profits. Markets seems to be range bound and weekly numbers may spur volatility in the market.
