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 unpack what is happening in the crude oil market right now so you can make smarter decisions, whether you are trading crude oil futures, managing fuel costs, or just curious about energy prices.Let us start with the latest crude oil price. According to Aegis Hedging Partners, the prompt month West Texas Intermediate crude oil futures contract traded around 59 dollars and 56 cents per barrel on Monday morning, slipping about 52 cents after several days of gains. Energy Market Price reports that Brent crude, the global benchmark for crude oil, recently settled near 63 dollars and 75 cents per barrel after rising about eight tenths of a percent as traders reacted to interest rate expectations and geopolitical risk.So what is driving today’s crude oil price. Analysts say the crude oil market is stuck in a tight range near 60 dollars a barrel because traders are balancing two big forces. On one side, you have expectations that the United States Federal Reserve will cut interest rates soon, which could support global oil demand. On the other side, you have growing concerns about a surplus of crude oil supply in twenty twenty six as both OPEC plus and non OPEC producers increase output.Recent commentary from oil market analysts, including reporting from Oilprice and ING, highlights that United States crude oil production is near record highs, while producers in countries like Brazil and Guyana are adding new barrels that compete directly with OPEC plus. At the same time, OPEC plus has chosen what some call a strategic pause, holding output plans steady instead of making deeper production cuts to force prices higher. That has kept crude oil hovering around the low 60s for Brent and just under 60 for West Texas Intermediate.Geopolitics are still adding a risk premium. News agencies such as Anadolu and Reuters report that tensions involving Russia, Ukraine, and Venezuela are keeping traders on edge. Any escalation that disrupts oil exports could quickly tighten supply and push crude oil prices higher, while a durable peace deal or smoother export flows could send prices back toward the mid 50s.So what are the key takeaways for you. First, for anyone watching daily crude oil prices, remember that we are in a range bound market. West Texas Intermediate around 59 to 60 dollars and Brent around 63 dollars is the current comfort zone until there is a clear catalyst. Second, if you are a business that depends on fuel, like trucking, aviation, or manufacturing, this relatively stable crude oil price range can be a good window to lock in fuel costs or review hedging strategies with your advisors. Third, if you are an individual investor looking at energy stocks or crude oil exchange traded funds, pay close attention to weekly inventory data, OPEC plus meeting headlines, and central bank interest rate decisions, because these are the levers that can break crude oil out of its current range.That is it for today’s Daily Crude Oil Price Tracker with Vanessa Clark. Thank you for spending a few minutes with me to stay on top of the latest crude oil price, the West Texas Intermediate and Brent benchmarks, and the forces moving the global oil market. Be sure to subscribe, share this podcast with a friend who cares about energy prices, and tune in next time for your next daily crude oil price update.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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