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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 with Vanessa Clark. I am Vanessa, and today we are diving into the latest crude oil prices, what is driving the market, and what it could mean for you as a trader, investor, or business owner who watches energy costs closely.Let us start with where crude oil is trading right now. According to Trading Economics, benchmark West Texas Intermediate crude oil is trading around fifty nine dollars per barrel, while Brent crude, the main international benchmark, sits in the low sixty dollar range. These prices are modestly higher than earlier in the week but still well below levels seen a year ago, which means crude oil remains in a relatively discounted zone compared to recent history.The main story in the crude oil market right now is the tug of war between geopolitical risk and an oversupplied market. Recent attacks on Russian energy infrastructure and ongoing tensions around major pipelines have added a risk premium to prices, because traders worry about potential disruptions to global crude oil supply. At the same time, record production from the United States and continued output growth from other producers are feeding concerns that supply could still outpace demand over the next year.OPEC and its partners have signaled a cautious approach by slowing or pausing production increases as they watch for signs of weakening demand. Analysts are talking about a possible surplus in the global oil market in the coming year, which helps explain why crude oil has struggled to break sharply higher even when geopolitical headlines sound bullish for prices. Put simply, every time news pushes prices up, worries about too much supply and soft economic growth tend to cap the rally.So what are the practical takeaways for you today. First, if you are a short term trader, this is still a headline driven crude oil market where news about pipelines, sanctions, or OPEC meetings can move prices quickly in either direction. It can help to define your risk clearly, use smaller position sizes, and avoid chasing big moves that come right after breaking news. Second, if you are a longer term investor or a business that depends on fuel costs, current prices in the high fifties to low sixties suggest a window to review hedging strategies, since the market is not pricing in a major supply shock yet, but volatility could increase if tensions escalate.That is it for today’s Daily Crude Oil Price Tracker with Vanessa Clark. Thanks for hanging out and talking crude oil prices, oil market news, and energy trends with me. Be sure to subscribe, share this with a friend who follows commodity prices, and tune in next time for your daily update on the crude oil market.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