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macroJun 17, 2026, 8:58 AM

WTI Holds Losses Near $75.60 on Easing Supply Concerns

West Texas Intermediate crude oil prices remain subdued for a fifth consecutive session, trading around $75.60 per barrel as easing supply concerns weigh on the market.

WTI

West Texas Intermediate (WTI) crude oil extended its losing streak to five days, trading near $75.60 per barrel during European hours on Wednesday. The decline comes as investors assess the potential impact of upcoming US-Iran peace negotiations, which could alleviate supply constraints.

Prices have been under pressure amid growing expectations that a diplomatic resolution may increase global oil supplies, offsetting previous concerns over tight inventories. Market participants are closely monitoring developments in bilateral talks between the United States and Iran.

The persistent weakness in WTI reflects a broader risk-off tone in commodity markets, with traders adjusting positions ahead of potential shifts in OPEC+ policy and demand forecasts.

Source: FXStreet Forex News