Oil Prices Rebound After Significant Drop

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

Market Reactions

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