# Crude oil prices today: WTI rebounds after steep selloff

> WTI rebounded nearly 2% on Monday, recovering part of the prior week's steep sell-off, after China cut its benchmark lending rate. Saudi Aramco's CEO said he remained fairly bullish on Chinese demand, while Morgan Stanley forecast a 2025 surplus of 1.3 million barrels per day.

- Date: 2024-10-21 · published 2024-10-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28036-crude-oil-prices-today-wti-rebounds-after-steep-selloff
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Crude is rebounding on Chinese stimulus hopes, but forecasts of a 2025 surplus cap upside for energy costs that feed into feed logistics and biofuel economics.

## Read by commodity

- WTI: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2024/10/21/crude-oil-prices-today.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.