Oil Prices Rebound After Sharp Decline

After a significant drop to a four-year low, crude oil prices experienced a slight recovery on Tuesday. This comes in the wake of global recession fears, sparked by United States President Donald Trump's announcement of reciprocal tariffs, which led to a massive market selloff.

Current Market Figures

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