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macroJul 2, 2026, 1:02 AM

WTI Slips Below $68.00 as Supply Concerns Ease

WTI crude oil extended its decline for a third consecutive session, trading around $67.80 during Asian hours on Thursday as easing supply anxieties weighed on prices.

WTI

West Texas Intermediate (WTI) crude oil continued its bearish run, sliding below the $68.00 mark to trade near $67.80 per barrel in Asian trading on Thursday. This marks the third straight session of losses for the commodity.

The decline is attributed to diminishing supply concerns, which have removed a key support factor that previously buoyed prices. The broader energy market also experienced a notable downturn, with other crude benchmarks following suit.

Traders are now monitoring demand-side signals and OPEC+ production adjustments for the next directional cues.

Source: FXStreet Forex News