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macroJun 9, 2026, 4:36 AM

WTI Crude Oil Holds Below $89 as Bearish Setup Persists

West Texas Intermediate crude oil extends losses below $89.00 after a sharp retracement from mid-$93 levels, with bearish technicals pointing to further downside.

WTI

West Texas Intermediate (WTI) crude oil continues to trade lower, holding below the $89.00 mark during Asian hours. The decline follows a sharp retracement from the mid-$93.00 area seen in the previous session.

Technical indicators suggest the bearish bias remains intact, with sellers maintaining control. The setup supports expectations of additional weakness in the near term, though no specific price targets or support levels were provided in the source material.

Source: FXStreet Forex News