Global oil prices stabilized today, May 13, 2025, near $62.29 for West Texas Intermediate (WTI) crude, following a series of sharp fluctuations in the market over the past few weeks. This relative stability came as investors awaited any new signals from the OPEC+ alliance regarding production levels, while assessing the impact of recent economic data on future global demand.

Markets were under pressure in April due to increased supply, particularly from some OPEC members, while concerns persisted about slowing growth in Europe and China. However, a return to relative optimism following the recent trade agreement between the United States and China helped limit losses and temporarily support price stability.