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macroJul 22, 2026, 4:49 AM

WTI Crude Rises to Near $85.00 on Supply Disruption Fears, Capped Below 100-Day SMA

West Texas Intermediate crude oil rose to around $84.90 during early European trading on Wednesday as Middle East tensions raised supply disruption fears, though gains were capped below the 100-day simple moving average.

WTI

West Texas Intermediate (WTI) crude oil, the US benchmark, traded near $84.90 in early European hours on Wednesday, extending gains on heightened Middle East tensions that threaten global supply.

Despite the uptick, the price remains capped below the 100-day simple moving average (SMA), a key technical resistance level. Traders are watching for further geopolitical cues that could drive the next move.

Source: FXStreet Forex News