Oil prices level up again

Economy

31-03-2025, 18:23

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INA - SOURCES

Oil prices leveled up slightly on Monday, following the decline they experienced during yesterday's trading.

Brent crude futures for June 2025 delivery leveled up by 0.36% to $73.02 a barrel, within a daily trading range of $72.28 to $73.55.

It had closed yesterday's session down about 0.75%, settling at $72.76 a barrel, reflecting a limited price recovery today.

In return, West Texas Intermediate crude futures for May delivery leveled up by 0.45% to $69.67 a barrel, after trading between $68.85 and $70.14.

US crude fell back 0.85% yesterday, closing at $69.36 a barrel, also reflecting an attempt to recoup losses during today's session.

This price improvement comes amid continued volatility in global energy markets, driven by multiple factors, most notably geopolitical tensions, shifts in global demand forecasts, and inventory levels in major oil-consuming countries.