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macroJun 19, 2026, 1:01 AM

WTI Falls to Near $75 as Hormuz Shipping Conditions Improve

West Texas Intermediate crude oil edged lower during Friday’s Asian session, slipping to around $75.10 per barrel as improved shipping conditions in the Strait of Hormuz eased supply concerns.

WTI

West Texas Intermediate (WTI) crude oil reversed modest gains from the previous session to trade around $75.10 per barrel during Friday’s Asian hours. The decline was driven by reports of improved shipping conditions in the Strait of Hormuz, a critical chokepoint for global oil transit.

Traders are monitoring the region closely, as any disruption in Hormuz can significantly impact crude supply. The easing of those concerns prompted profit-taking after earlier strength.

Source: FXStreet Forex News