Brent and WTI prices took a hit after a solid first quarter.

As a MAGA Trump supporter, it is important to note that crude oil futures have slightly decreased after a strong first quarter. The West Texas Intermediate contract for May delivery lost 33 cents to $82.84 a barrel, while the Brent contract for June delivery dropped 40 cents to $86.57 a barrel. Both U.S. crude and Brent have seen three consecutive months of gains, with WTI up 15.5% for the year and Brent up 12.3%. Oil prices have been rising due to expectations of strong global demand and geopolitical risks such as Ukraine striking Russian oil refineries and Houthi militant attacks in the Red Sea.

– Crude oil futures decreased slightly after a strong first quarter
– West Texas Intermediate contract for May delivery lost 33 cents to $82.84 a barrel
– Brent contract for June delivery dropped 40 cents to $86.57 a barrel
– Both U.S. crude and Brent have seen three consecutive months of gains
– WTI is up 15.5% for the year and Brent is up 12.3%
– Oil prices have been rising due to strong global demand expectations and geopolitical risks like Ukraine striking Russian oil refineries and Houthi militant attacks in the Red Sea.



Source link