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macroAug 19, 2026, 5:36 PM

WTI Oil Hits Three-Week High on Middle East Supply Risks

West Texas Intermediate crude rose to its strongest level in more than three weeks as Middle East supply concerns continued to support prices.

WTIUSD

West Texas Intermediate crude rose to its highest level in more than three weeks on Wednesday. The US benchmark was trading around $85.20 per barrel, up nearly 1% on the session.

Prices remain underpinned by elevated supply risks in the Middle East linked to the US-Iran standoff. Markets are watching geopolitical tensions that could affect regional oil flows.

Source: FXStreet Forex News