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macroAug 19, 2026, 4:46 AM

WTI Crude Holds Near Three-Week High Below $85 as Bulls Watch 100-SMA

West Texas Intermediate crude traded near a three-week high but remained below the $85.00 mark in Asian hours Wednesday, with bulls watching for a break above the 100-period simple moving average.

WTIUSD

West Texas Intermediate, the benchmark US crude oil price, touched a nearly three-week high during Asian trading on Wednesday but struggled to extend gains beyond the $85.00 level.

Market focus is on the 100-period simple moving average, with buyers looking for a breakout to confirm further upside. Momentum above $85.00 has not yet been sustained.

Source: FXStreet Forex News