Wednesday, April 30, 2025
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Economy
Less than 1 min.Read

Oil Up Again: Brent and WTI Extend Gains on Supply Jitters

By Adrian Whitaker
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Global oil prices climbed again on Thursday.

Brent crude, the international benchmark, rose for seven consecutive trading days since March 19.

West Texas Intermediate (WTI), the U.S. oil benchmark, also posted gains for two consecutive days. Since March 19, WTI has increased daily, except for Tuesday.

Concerns persisted that U.S. President Donald Trump’s tariff policies could potentially strain U.S. shale oil production. Ongoing geopolitical tensions in the Middle East fuel apprehensions about possible supply disruptions, further bolstering oil prices.

Brent crude for the May delivery settled at $74.03 per barrel, marking a $0.24 (0.33%) increase from the previous session.

Similarly, WTI for May delivery closed at $69.92 per barrel, up $0.27 (0.39%).

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That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

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Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.

WTI Falls Below $61 as Global Demand Fears Intensify

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‘Mercy or Mayhem?’ Australia Slammed for Culling Starving Koalas by Air

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