Oil prices experienced a rebound today, Friday, following a decrease the previous day, attributed to U.S. President Donald Trump’s renewed commitment to lowering energy costs domestically.
In trading, U.S. West Texas Intermediate crude futures saw an uptick of 0.44%, reaching $70.92 per barrel. Concurrently, immediate contracts advanced by 0.54% to $74.69 per barrel.
Conversely, Thursday’s session reflected a downturn in black gold prices, with U.S. crude contracts falling to $70.61 per barrel, a decline of 0.6%. Brent contracts similarly decreased by 0.45%, landing at $74.29 per barrel.
| Type of Oil | Price Change | Current Price (USD) |
|---|---|---|
| West Texas Intermediate | +0.44% | $70.92 |
| Immediate Contracts | +0.54% | $74.69 |
| U.S. Crude (Thursday) | -0.6% | $70.61 |
| Brent Contracts (Thursday) | -0.45% | $74.29 |
