Crude oil price today as on 24th Jan, 2025.
Brent oil March futures are trading at $78.18 a barrel on London based ICE Futures Europe Exchange while U.S crude futures for March delivery is trading down 34 cents or 0.5 pct to $74.28 a barrel on NYMEX on Friday Morning during Asian hours. Both the benchmarks closed down below 1 pct last night. Brent premium over WTI widened to $3.67 a barrel during the session.
Crude oil futures price index curves demonstrating downside momentum on mixed signals amid uncertainty. Trump-2 regime policy over drilling fanned over supply fears. The president statement of lower oil prices to push crude drilling weighed on oil complex. EIA nos kept floor to falling prices. As per weekly report, U.S crude stocks fell by 1Mb to 411.7 Mb last week. Traders are in wait and watch mode. Institutional data on speculators move is awaited later today. U.S rig numbers data may spur some volatility. crude markets set to close the week in losses.