WTI Slips Below $83 as Profit-Taking Offsets Mideast Risks
WTI crude oil fell to around $82.80 in early Asian trading on Thursday, pressured by profit-taking despite ongoing Middle East tensions.
WTI
West Texas Intermediate crude was changing hands near $82.80 during early Asian hours on Thursday, slipping below the $83 mark. The decline came as traders booked profits, even as hostilities in the Middle East continued to escalate.
The move highlights a temporary decoupling from geopolitical risk premiums, with market participants focusing on near-term supply-demand balances rather than potential disruptions.
Source: FXStreet Forex News