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macroJun 26, 2026, 4:18 PM

WTI Oil Falls 3.25% on Middle East Export Recovery

West Texas Intermediate crude dropped more than 3% on Friday, touching a low not seen since late February, as easing Middle East supply risks weighed on prices.

XTIUSD

West Texas Intermediate (WTI) crude oil declined 3.25% on Friday, trading around $69.05 per barrel at the time of writing. Earlier in the session, prices hit a low of $68.48, the weakest level since late February.

The drop was driven by a recovery in oil exports from the Middle East, which tempered concerns over potential supply disruptions. The market reacted to expectations of increased supply, pushing prices lower.

Source: FXStreet Forex News