WTI holds below $80.50 as traders watch Hormuz diplomacy
WTI crude is trading around $80.30 in Asian hours on Friday, staying subdued for a third straight day as markets monitor diplomatic efforts to reopen the Strait of Hormuz.
WTIUSD
West Texas Intermediate crude is trading near $80.30 per barrel during Asian hours on Friday, remaining below the $80.50 level for a third consecutive session.
Prices are edging lower as investors take a wait-and-see approach, closely following diplomatic attempts to reopen the Strait of Hormuz.
The subdued tone reflects caution over possible supply disruptions rather than a clear directional move, with traders awaiting further signals on the waterway situation.
Source: FXStreet Forex News