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macroJul 10, 2026, 1:04 AM

WTI Consolidates Below $72.00 as Traders Eye Geopolitical Developments

West Texas Intermediate crude oil steadied during the Asian session on Friday, pausing its recent decline as traders weighed mixed signals from the US and geopolitical tensions.

WTI

West Texas Intermediate (WTI) crude oil traded in a narrow range below $72.00 during Friday's Asian session, stalling the previous day's selloff.

The market is reacting to mixed messaging from the US and ongoing geopolitical developments that continue to influence supply expectations. No major data releases or official statements have provided clear direction, keeping prices in consolidation mode.

Traders remain cautious ahead of potential catalysts from the Middle East and US energy policy updates.

Source: FXStreet Forex News