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macroJun 10, 2026, 10:56 AM

WTI Oil Extends Losses to Five Days, Hovers Near Seven-Week Lows Below $87

WTI crude oil traded at $86.60 on Wednesday, extending its losing streak to five consecutive days and holding near seven-week lows below $87, despite ongoing US-Iran tensions.

WTI

WTI crude oil continued its slide on Wednesday, trading at $86.60 per barrel — its lowest in seven weeks. The US benchmark has fallen for five consecutive sessions, dropping more than $4 during the period.

The decline persists despite renewed geopolitical tensions between the US and Iran, which would normally support oil prices. Market participants appear focused on demand concerns and oversupply expectations.

Source: FXStreet Forex News