Oil prices remain slightly higher at the start of trading.

Oil Prices Maintain Gains Amid High Market Volatility

Oil prices largely retained their gains during the early trading hours of Tuesday, June 2, 2026, amidst a backdrop of significant volatility in energy markets.

Diverging Trends Between Brent and WTI

Brent crude saw a slight increase of 6 cents, or 0.06%, settling at $95.04 per barrel. Meanwhile, West Texas Intermediate (WTI) fell by 17 cents, or 0.18%, to reach $91.99 per barrel, reflecting a generally hesitant movement across the markets.

A Notable Rebound in the Previous Session

Both benchmarks, however, recorded a substantial rise of over 5% in the previous session, underscoring the persistent volatility in oil prices.

A Declining May

Despite this recent uptick, Brent ended May with a decline of approximately 19%, while WTI saw a decrease of nearly 17%. This marked their most significant monthly drop since March 2020.