https://www.instagram.com/vanessaclarkipaiThis is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.Welcome back to the Daily Crude Oil Price Tracker. I am Vanessa Clark, and together we are going to walk through what is happening in the crude oil market right now and what it could mean for you.Let us start with the headline everyone is searching for: today the benchmark United States crude, West Texas Intermediate, is trading right around the high fifty dollar per barrel area, with recent official data from the Federal Reserve Bank of St. Louis putting West Texas Intermediate at just over 59 dollars a barrel in the latest reported session. Brent crude, the global benchmark, is also hovering in a similar lower sixty dollar range according to price updates from OilPrice dot com.So why are crude oil prices sitting in this relatively low and steady band instead of surging higher. According to reporting from Nasdaq and analysis from the International Energy Agency, the big story is oversupply meeting softer demand. Producers in the United States, OPEC plus, and other regions have ramped up output, while demand growth, especially from China and other major economies, has cooled.Nasdaq notes that weak Chinese economic data and expectations for an ongoing global oil surplus have pushed crude to multi week lows, even as traders watch for any surprise geopolitical flare ups. The International Energy Agency and several bank forecasts are calling for a sizeable surplus into 2026 as OPEC plus gradually unwinds earlier production cuts and non OPEC producers like the United States and Brazil keep pumping at high levels.Here is what that means in plain language. When there is plenty of crude oil available and demand is only creeping higher, prices tend to stay under pressure. That can be good news for consumers and businesses that depend on fuel costs staying manageable, but it can be challenging for oil producers, drilling companies, and energy focused investors.If you are following crude oil prices for your own budgeting or investing, a couple of practical tips. First, keep an eye on weekly data from agencies like the United States Energy Information Administration, because inventory builds usually signal ongoing oversupply, which can weigh on prices. Second, watch announcements from OPEC plus meetings, since any surprise decision to cut or increase production can quickly move crude oil, West Texas Intermediate, and Brent prices. Finally, remember that headlines about China’s economy, interest rates, or a possible Russia and Ukraine ceasefire can all shift expectations for future oil demand and supply.That is it for today’s Daily Crude Oil Price Tracker with me, Vanessa Clark. Thanks for hanging out with me and staying up to date on the latest crude oil price news. Make sure you subscribe, share this with a friend who watches oil prices, and tune in next time so we can track the crude oil market together, day by day.For more http://www.quietplease.aiCheck out Vanessa on Instagram https://www.instagram.com/vanessaclarkipaiFor some deals, check out https://amzn.to/4hSgB4rThis content was created in partnership and with the help of Artificial Intelligence AI

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