Brent Crude Stays Above $95 as Oil Market Stabilizes

By News Desk on June 2, 2026

Tokyo: Oil prices retained most of the gains recorded during the previous trading session in early trading today.

Brent crude futures rose by 6 cents, or 0.06 percent, to reach $95.04 per barrel.

Meanwhile, US West Texas Intermediate (WTI) crude futures declined by 17 cents, or 0.18 percent, to $91.99 per barrel.

Both benchmark contracts had surged by more than 5 percent during the previous session.

Despite the recent rebound, Brent crude concluded May 2026 down by approximately 19 percent, while WTI crude recorded a decline of around 17 percent, marking their largest monthly losses since March 2020.

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