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macroJun 18, 2026, 1:03 AM

WTI Holds Gains Above $75.00 Despite Easing Supply Concerns

West Texas Intermediate crude oil edged higher to around $75.10 per barrel during Asian hours on Thursday, breaking a five-day losing streak. The uptick came despite reduced geopolitical risk and lingering Fed rate hike expectations for 2026.

WTI

West Texas Intermediate (WTI) crude oil recovered some ground on Thursday, trading near the $75.10 mark during the Asian session. The price uptick ended a five-day losing streak, even as supply-risk premiums continued to fade due to easing tensions in the Middle East.

Market participants are also weighing the possibility of a Federal Reserve rate hike as far out as 2026, a factor that could support the dollar and cap commodity gains. However, the immediate price action suggests a cautious rebound from recent lows.

Source: FXStreet Forex News