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macroJul 1, 2026, 2:34 AM

WTI Holds Losses Near $69.50 Amid US-Iran Doha Talks

West Texas Intermediate crude oil remains subdued near $69.70 as supply concerns ease amid potential US-Iran peace talks in Doha.

WTI

West Texas Intermediate (WTI) crude oil prices are holding losses for a second consecutive session, trading around $69.70 per barrel during Asian hours on Wednesday.

The decline is attributed to easing supply concerns following potential peace talks between the US and Iran taking place in Doha. The prospect of a diplomatic resolution has reduced fears of supply disruptions, weighing on oil prices.

Source: FXStreet Forex News