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macroJul 3, 2026, 12:54 AM

WTI Stays Below $68.50 as Middle East Tensions Ease

WTI crude oil traded around $68.40 during Asian hours on Friday, edging lower after a modest gain the previous day, as easing geopolitical tensions in the Middle East weighed on prices.

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West Texas Intermediate (WTI) crude oil edged lower on Friday, hovering near $68.40 during Asian trading hours. This follows a modest uptick in the previous session.

The decline comes as geopolitical tensions in the Middle East continue to ease, reducing the risk premium embedded in oil prices. Market participants are now shifting focus to demand-side factors and upcoming supply data.

Source: FXStreet Forex News