As of May 6, 2025, the price of crude oil (WTI) is approximately $59.62 per barrel, showing a daily increase of about 3.43%
. Brent crude oil is trading slightly higher at around $62.60 per barrel, up by about 3.19% on the day
. These prices reflect a recent rebound from lower levels earlier in the year, influenced by factors such as reduced US shale production and renewed demand from China
