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Oil Price - WTI Price Forecast: Recovery halts at $63.00 amid fears of an Oil glut
05-06-2025 00:18
WTI Oil prices remain contained within a $60.00 to $63.00 range. Crude prices have been capped again at the $63.00 area, before dropping to levels right above $62.00 at the time of writing. A larger-than-expected increase in US gasoline supplies,
Russian Oil Revenue Falls to Two-Year Low as Global Prices Sink
Russia’s proceeds from oil in the state budget shrank last month to the lowest since June 2023 as global crude prices declined.