Crude oil price today as on 4th March, 2025
Crude Oil Flat Price Trends Today
Crude oil Brent futures prices for May trading down at $71.62a barrel on Tuesday morning hours. WTI Futures prices for April delivery inched down at $68.3 a barrel during Asian hours today at the time of reporting. Both the benchmarks flat futures closed around 2 pct down last night. Those were the lowest closes for Brent since Dec 6 and WTI since Dec 9.
Brent WTI Spreads
Brent WTI spread is the difference in Brent crude oil spot price and WTI crude oil spot price. Brent spread over WTI narrowed down to $3.25 a barrel during the session.
Crude Oil Price Fundamental Analysis
U.S levying Tariffs on Canada, Mexico and China and counter tariffs from China targeting U.S agriculture keep markets under pressure. Flat U.S Feb manufacturing numbers, Inflation fears raised out of proposed tariffs that could slow economic growth and energy demand is the concerned factor prevailed in the market. Crude markets are vulnerable to bearish headlines on economic data.
Crude Inventory Data Analysis
API weekly estimations followed by EIA confirmations are awaited later today. On supply side, OPEC+ is opening spigots from April onwards as planned. Russia’s Urals is expected to flood into market after U.S sanctions relief.
Crude Oil Technical Analysis
Investors have become very bearish over major petroleum F&O during last week. Persistent heavy selling in WTI spilled over Brent. Hedge funds and money managers sold most of the petroleum futures and options. Speculators reacted to bearish outlook painted by bearish economic outlook.
Srinivas Chowdary Sunkara comments on crude oil price movement
crude markets are very likely to be under pressure. Bears fest likely to continue this week.
