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macroJul 17, 2026, 1:46 AM

WTI Crude Holds Near $79 on Middle East Tensions

West Texas Intermediate crude edged higher in Asian trade on Friday but remains within a recent range. Geopolitical tensions in the Middle East continue to support bullish sentiment, keeping upside potential intact.

WTI

West Texas Intermediate (WTI) crude oil posted a slight gain during Friday's Asian session, though price action remained confined to a multi-day range around the $79.00 level.

The ongoing Middle East conflict provides underlying support, preventing a meaningful downside breakout. Traders are closely watching for any escalation that could disrupt supply from the region.

With no fresh catalysts, the market is likely to continue consolidating until a clear directional trigger emerges. The bullish bias remains intact as long as geopolitical risks persist.

Source: FXStreet Forex News