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macroJul 22, 2026, 1:09 AM

WTI Oil Climbs Above $84.50 on Supply Risk Fears

West Texas Intermediate crude rose to around $84.60 per barrel as supply disruptions across multiple export routes boosted prices.

WTI

West Texas Intermediate (WTI) crude oil extended its gains on Wednesday, trading near $84.60 per barrel during Asian hours. The price moved above the $84.50 mark for the first time in the session.

The rally was driven by intensifying supply risks across several key global export hubs. Threats extended beyond the Middle East, raising concerns about disruptions to major shipping lanes and production centers.

Source: FXStreet Forex News