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fxJun 11, 2026, 8:58 AM

WTI Dips to Near $87.50 as US-Iran Talks Continue

West Texas Intermediate oil price declined to around $87.60 per barrel during European trading, paring recent gains as US-Iran talks remain intact.

USOIL

West Texas Intermediate (WTI) crude oil edged lower, trading near $87.50–$87.60 per barrel during the European session on Thursday.

The decline follows a period of recent gains, with market participants focusing on ongoing diplomatic discussions between the United States and Iran. The intact nature of these talks continues to weigh on oil prices amid expectations of potential supply increases.

Source: FXStreet Forex News