Gold for June delivery rose $4.70 to $2,347.20 per ounce. Silver for May delivery fell 10 cents to $27.25 per ounce, and May copper rose 4 cents to $4.56 per pound. The dollar rose to 157.74 yen from 155.61 Japanese yen. The euro fell to $1.0705 from $1.0727.

What is the current oil price today? WTI futures traded at $84.83 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 15.51%. Brent futures traded around $89.56/bbl, an increase of 1.55% in the last 24 hours.

The crude oil markets have been very sideways for some time. At this point, it looks like we are trying to sort out whether or not we can break higher. Furthermore, there is a lot of support underneath.

The crude oil price continued to drop today. Invezz has crunched the numbers to find out what will happen to the oil price by end of 2024.

WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark for U.S. oil prices in the trading world.

Crude Oil markets remain exposed to downside moves as recent geopolitical tensions ease after Iran announced it would not seek further retaliation against Israel. WTI’s recent climb sparked by ongoing fears of a Middle East conflict spilling over into an all-out war faltered near $87.