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macroJul 8, 2026, 5:39 PM

WTI Rises on Supply Disruption Fears Amid Middle East Tensions

West Texas Intermediate pared earlier gains on Wednesday but remained supported as renewed supply risks from escalating Middle East tensions drove oil prices higher.

WTI

West Texas Intermediate (WTI) crude oil edged higher on Wednesday, trimming some of its earlier gains but maintaining support as supply disruption fears resurfaced.

Escalating tensions in the Middle East have raised concerns about potential output disruptions, providing a floor for prices. Market participants continue to monitor geopolitical developments closely.

Source: FXStreet Forex News