Crude oil price today as on 4th February, 2025
crude oil Brent futures prices for April delivery changed a little to $75.96 a barrel after inching up 29 cents while U.S crude oil benchmark, WTI futures are trading down at $72.36 on Tuesday Morning during Asian hours. Crude benchmarks flat prices closed lower last night after edging up in a volatile trade on Monday. prompt intermonth Time spreads widened during the session.
crude graph index curves movement reflects sustained drop in oil prices in choppy trading. Tariffs, Pause in Tariffs and OPEC+ meeting are talks of the town. Tensions clouded over financial markets on U.S.Tariffs, Spilled over Chaos around crude markets. Tariffs may drive up inflation, May prompt the Fed to raise interest rates in turn Makes oil costly. On the supply side, Producer’s council agreed to continued with the decision of gradual opening of spigots from April month. The group removed EIA secondary source of data to monitor production and adherence supply cuts. Turning to technicals, Investors trimmed petroleum positions last week amid growing concerns about an economic slowdown sparked by tariffs threatened by the U.S on its major trading partners. I see oil prices move sideways this week.
