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macroAug 5, 2026, 1:14 AM

WTI Crude Rebounds to Near $75 Despite Middle East Diplomatic Progress

West Texas Intermediate crude oil recovered to around $75 per barrel during Asian trading after sinking over 5% the previous day. The bounce came despite diplomatic advances in the Middle East.

WTI

West Texas Intermediate crude oil traded near $75 per barrel during Asian hours, recovering from the prior day’s decline of more than 5%.

The price rebound occurred despite diplomatic progress in the Middle East, a development that would normally ease supply disruption fears and weigh on oil.

Traders are balancing geopolitical headlines against short-term technical support following the sharp sell-off.

Source: FXStreet Forex News