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macroJul 21, 2026, 1:15 AM

WTI dips below $82 as tentative diplomatic signals weigh

West Texas Intermediate crude extended losses to around $81.90 per barrel in Asian trade, pressured by cautious diplomatic signals that could ease supply fears.

XTIUSD

West Texas Intermediate (WTI) crude oil slipped below the $82.00 mark during Asian hours on Tuesday, trading near $81.90. The decline marked a second consecutive session of losses as traders weighed the impact of emerging diplomatic signals.

Market participants interpreted the tentative diplomatic moves as potentially reducing near-term supply risks, prompting profit-taking after recent gains. The price action reflects a cautious tone ahead of further geopolitical developments.

Source: FXStreet Forex News