WTI and Brent Crude Prices See Morning Gains

Oil prices kicked off the day on a positive note, with WTI trading at $62.21 (+1.15%) and Brent at $65.48 (+1.11%) as U.S. stock markets opened. 

The uptick comes on the heels of fresh developments easing trade tensions.

The U.S. announced exclusions on select tariffs, boosting market sentiment, while Chinese import data showed unexpected strength, signaling robust demand.

However, caution lingers after last week’s tariff-fueled volatility, keeping traders on edge.

OPEC’s latest report added to the mixed mood, revising its 2025 global oil demand growth forecast downward to 1.3 million barrels per day (bpd), a 150,000 bpd cut from last month’s estimate.

For 2026, the cartel projects 1.28 million bpd, also trimmed by 150,000 bpd, citing uncertainties tied to the ongoing trade war.

With supply dynamics and geopolitical noise in focus, the market is primed for a choppy session. Stay tuned for updates every half hour as we track price moves, demand signals, and any fresh headlines shaping the energy landscape.