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macroJun 19, 2026, 9:52 AM

WTI Pauses Decline as Crude Shipments Resume Through Strait of Hormuz

West Texas Intermediate (WTI) crude oil stabilized around $75.60 on Friday, recovering slightly after crude shipments resumed through the Strait of Hormuz, though the commodity remains under pressure from earlier sharp declines.

WTI

West Texas Intermediate (WTI) crude oil traded near $75.60 on Friday, gaining 0.21% on the day as the decline that followed recent price drops showed signs of pausing.

The move higher came after crude shipments resumed through the Strait of Hormuz, a key chokepoint for global oil flows. The resumption helped ease some supply concerns, providing short-term support to prices.

However, WTI remains under pressure from the sharp decline seen earlier in the week. Traders are weighing the impact of resumed flows against broader demand-side uncertainty. The commodity has been volatile in recent sessions.

Source: FXStreet Forex News