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macroJul 24, 2026, 1:13 AM

WTI Holds Above $90 After 10% Weekly Surge Amid Middle East Escalation

West Texas Intermediate (WTI) oil price trades around $90.20, halting a three-day winning streak but still on track for a 10% weekly surge amid escalating tensions in the Middle East.

WTI

West Texas Intermediate (WTI) crude oil has paused its three-day advance, trading near $90.20 per barrel during Asian hours on Friday. Despite the brief pullback, the commodity is on pace for a weekly gain of more than 10%.

The rally is driven by heightened geopolitical risk following fresh escalation in the Middle East, which has raised concerns over potential supply disruptions. The energy complex remains sensitive to any further developments in the region.

Traders are closely watching for headlines that could push prices above the $90 resistance level or trigger a correction. The current momentum favors bulls, but volatility is expected to remain elevated.

Source: FXStreet Forex News