Market Watch: Oil's Recovery

In a significant rebound, crude oil prices climbed over 1% this Tuesday, aiming to recover from the losses experienced during the previous day's market selloff. Investors are keenly awaiting updates on the U.S. economy's health, including crucial jobs and inflation data, alongside the dollar's performance. The potential impact of tariffs on global manufacturing activities, which could also sway energy prices, remains a focal point of interest.

Price Movements

By 8:05 am ET, West Texas Intermediate for April settlements saw a 1.26% increase, reaching $66.90 per barrel. Similarly, Brent crude for May deliveries experienced a 1.27% rise, trading at $70.17 per barrel shortly thereafter.