Fears of an imbalance between an oversupplied oil market and weakening demand continue to linger. A comparison of crude oil prices between May 1 and May 4, 2025, reveals the following trends:
- The price of WTI crude fell from $58.88 to $56.06
- The price of Brent crude declined from $61.85 to $59.11
It is worth noting that the daily price of the OPEC basket stood at $68.16 per barrel on Monday, April 28, 2025.
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