Market Recovery After Sharp Decline

After a dramatic drop to a four-year low, crude oil prices have seen a slight rebound. This recovery comes in the wake of widespread market anxiety spurred by global recession fears, following U.S. President Donald Trump's announcement of reciprocal tariffs.

Current Price Movements

West Texas Intermediate (WTI) for May's settlements experienced a 1.37% increase, trading at $61.48 per barrel by 1:20 am ET. Similarly, Brent for June's deliveries saw a 1.23% rise, reaching $65.04 per barrel at 1:22 am ET.