Crude oil settles at $ 61.99

The price of crude oil in WTI stabilizes $ 61.99, a decrease of $ 4.96 or 7.40 %.

The price of crude oil this week was against the background of the tariff news and expectations of the slow global growth, and OPEC Alliance+Led by the Kingdom of Saudi Arabia and Russia, which declared a A greater increase in oil production expected. Starting May 2025The group will enhance the output 411,000 barrels per day (BPD)By implementing the planned increases for three months effectively in one month.

For the trading week, the price of crude oil decreased by -2.19 %. This is the worst week of year in a decrease of 12.72 % during the week from March 13, 2023.