Spot Oil Prices (as of June 24, 2025)
WTI (U.S. benchmark) is trading around $65–66/bbl, having dropped approximately 5% over the past two sessions .
Brent (international benchmark) is hovering around $68–69/bbl, also down roughly 4–5% recently .
Prices reacted sharply to geopolitical developments: following news of a tentative Israel‑Iran ceasefire, WTI fell about 4.9% to $65.09, while Brent dropped 4.9% to $67.96 .
Earlier, with heightened tensions (e.g., U.S. strikes in Iran), Brent spiked near $71.5/bbl, but has since eased as fears of supply disruption receded .