Pre. Settlement | N/A |
Settlement Date | 2025-08-20 |
Open | 72.63 |
Bid | 0.00 |
Last Price | 73.45 |
Day's Range | 72.63 - 72.63 |
Volume | |
Ask | 0.00 |
Evaluate Energy says upstream oil and gas deal counts are at their lowest in the post-COVID vaccine era.
Oil prices remained under pressure this year on global recessionary fears. Can it bounce back?
New York-traded West Texas Intermediate, or WTI, crude for March settled up $3.03, or 4.1%, at $77.14 per barrel. The U.S. crude benchmark settled up 1% on Monday after plunging 7.5% last week, to a three-week low of $73.11, on recession fears and the uncertainty about the direction for U.S. interest rates after huge employment gains among Americans in January threatened to bump up inflation again. London-traded Brent crude for March delivery rose $2.70, or 3.3%, to finish Tuesday’s regular session at $83.69, extending Monday’s 1.3% gain.Like WTI, Brent, the global crude benchmark, tumbled 7.5% last week, touching a three-week low of $79.62.