WTI Slips Below $68.00 as Supply Concerns Ease
WTI crude oil extended its decline for a third consecutive session, trading around $67.80 during Asian hours on Thursday as easing supply anxieties weighed on prices.
West Texas Intermediate (WTI) crude oil continued its bearish run, sliding below the $68.00 mark to trade near $67.80 per barrel in Asian trading on Thursday. This marks the third straight session of losses for the commodity.
The decline is attributed to diminishing supply concerns, which have removed a key support factor that previously buoyed prices. The broader energy market also experienced a notable downturn, with other crude benchmarks following suit.
Traders are now monitoring demand-side signals and OPEC+ production adjustments for the next directional cues.
Source: FXStreet Forex News