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Crude oil drops to YTD low as OPEC expected to delay planned production hike

Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures closed Friday at their lowest settlement price this year, with both WTI and Brent benchmarks tumbling more than $2/bbl, fueled by near-term supply concerns and expectations that OPEC+ will postpone returning barrels to the market in April as planned.

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2025-02-21 18:35:10

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