Saturday, June 21, 2025

Oil Rebounds Over 2%—But the Market’s Still on a Roller Coaster

Shutterstock
Shutterstock

International oil prices rebounded sharply on Friday.

After fluctuating significantly over the past week, international oil prices ended the week slightly lower following the surge on this day.

Brent crude, the benchmark for international oil, settled at $64.76 per barrel for the June delivery, jumping $1.43 (2.26%) from the previous session.

The U.S. oil benchmark, West Texas Intermediate (WTI), also climbed $1.43 (2.38%) to close at $61.50 per barrel for the May contract.

The gains followed four straight days of declines leading up to April 8, during which oil prices had steadily dropped amid investor caution and trade uncertainties.

Markets reversed course on April 9 after U.S. President Donald Trump announced a 90-day suspension of reciprocal tariffs, which buoyed investor sentiment and triggered a surge in energy markets. On that day, Brent rallied 4.2%, while WTI climbed 4.6%.

But the rally was short-lived.

Fresh concerns over the U.S.-China trade war reignited on April 10, sending both benchmarks tumbling. Brent fell 3.3%, and WTI slid 3.7%, erasing much of the previous day’s gains.

Despite Friday’s strong recovery, oil prices closed the week in the red. Brent crude posted a 1.25% weekly decline, while WTI edged down 0.79%.

Hot this week

Japan’s Steel Giant Takes Over US Steel: What It Means for American Workers

Nippon Steel acquires U.S. Steel for $14.1 billion, ensuring U.S. government oversight and maintaining its headquarters in Pittsburgh.

Trump’s Ultimatum to Iran Jolts Oil Prices into Unsteady Climb

Oil prices rose slightly as markets reacted to Trump's ultimatum to Iran, with WTI and Brent crude experiencing minor gains.

Wall Street Wobbles After Powell Says No Rush on Rate Cuts

U.S. markets closed mixed after the Fed maintained interest rates, with tech stocks like Tesla and Nvidia gaining amid cautious investor sentiment.

Apple Joins Google in Map Export Request, Vows Flexible Compliance

Apple seeks South Korean approval to export high-precision map data, offering to accommodate government demands unlike Google.

Wall Street Takes a Dive as Tensions Rise Over Iran

The New York stock market fell sharply due to rising tensions in the Middle East and declines in major tech and solar stocks.

Topics

Japan’s Steel Giant Takes Over US Steel: What It Means for American Workers

Nippon Steel acquires U.S. Steel for $14.1 billion, ensuring U.S. government oversight and maintaining its headquarters in Pittsburgh.

Trump’s Ultimatum to Iran Jolts Oil Prices into Unsteady Climb

Oil prices rose slightly as markets reacted to Trump's ultimatum to Iran, with WTI and Brent crude experiencing minor gains.

Wall Street Wobbles After Powell Says No Rush on Rate Cuts

U.S. markets closed mixed after the Fed maintained interest rates, with tech stocks like Tesla and Nvidia gaining amid cautious investor sentiment.

Apple Joins Google in Map Export Request, Vows Flexible Compliance

Apple seeks South Korean approval to export high-precision map data, offering to accommodate government demands unlike Google.

Wall Street Takes a Dive as Tensions Rise Over Iran

The New York stock market fell sharply due to rising tensions in the Middle East and declines in major tech and solar stocks.

Brent and WTI Climb Following Heightened Concerns Over Iran Conflict

Oil prices surged amid rising tensions in the Middle East, with fears of disruptions to Iranian oil exports following Trump's return.

Why Stablecoins Struggle to Compete with Credit Cards in America

Stablecoins lack consumer incentives compared to credit cards, limiting adoption despite potential in specific payment areas.

Wall Street Bounces Back: Stocks Rally Amid Iran-Israel Ceasefire Hopes

US stock indices rebounded on the 16th as reports emerged of Iran seeking negotiations amidst ongoing conflicts.

Related Articles