The US dollar index weakened on April 24, making dollar-denominated commodities like crude oil cheaper for buyers using other currencies. As a result, international oil prices rose on April 24, driven by mixed economic data, conflicting US tariff signals, and news related to the Russia-Ukraine war.

West Texas Intermediate (WTI) crude for the June delivery increased by US$0.52 (0.8%), reaching US$62.79/barrel on the New York Mercantile Exchange. Brent crude for the June delivery rose by US$0.43 (0.7%), settling at US$66.55/barrel.