Crude Oil Prices See Significant Increase

Crude oil prices experienced a notable rise on Tuesday, soaring over 2% as demand expectations grew. This surge was closely tied to the recovery of major U.S. stock markets from their recent downturn.

Investors React to Market Changes and OPEC+ Report

Investors are closely monitoring the situation, digesting the latest OPEC+ report which indicated a production decline of 37,000 barrels per day in March. This development has added another layer of complexity to the market's dynamics.

Price Movements Highlighted

West Texas Intermediate (WTI) for June deliveries saw a 2.63% increase, trading at $64.01 per barrel. Similarly, Brent for June settlements advanced by 2.22%, reaching $67.74 per barrel. These figures underscore the volatile nature of the current market.