Crude Oil Price Update – WTI Bullish at European Opening
West Texas Intermediate (WTI) crude oil advanced on Friday during early European trading, currently priced at $59.42 per barrel, up from Thursday’s close of $58.56. The upward move reflects renewed bullish momentum as traders react to market fundamentals and risk sentiment.
Brent crude also showed gains, rising from $62.69 at Thursday’s close to $63.52. The broader energy market appears supported by factors such as supply concerns, geopolitical developments, and demand expectations, although short-term volatility remains possible.
Overall, both WTI and Brent are displaying positive early session momentum, signaling a bullish bias at the start of European trading hours, while traders continue to monitor key supply and economic indicators that may influence prices.