Crude oil price today as on 25th April, 2025
Brent oil prices for June delivery inched up 19 cents or 0.3 pct to $65.84 a barrel on London based ICE Futures Europe exchange. WTI oil June futures prices edged up 29 cents or 0.462 pct to $63.08 a barrel on NYMEX on Friday morning during Asian hours. Both the benchmark futures traded up to close with marginal increase last night. Brent premium over WTI widened to $3.85 a barrel during the session.
Crude benchmark futures curves sagging up on mixed signals from the market. Investors weighed on weaker dollar, resilient in U.S labor markets, OPEC further opening spigots and Russia – Ukraine news. Markets are still trying to make sense of the data, as employment stats show a resilient labor market while the Fed tempers bullishness with commentary that unemployment rates may be affected by tariffs as per energy consulting firm. Turning to weekly data, U.S crude oil stocks piled up 0.7 Mbpd while gasoline and distillates stocks were drawn by 4.5Mbpd and 2.4 Mpbd respectively during the last week. Speculators data and rig number are due later today. crude markets are set to login with weekly loss this week.
