Jan 16, 2026
WTI hovers below $59.00 as US-Iran tensions ease, weekly loss looms
West Texas Intermediate (WTI) Oil price moves little after two days of more than 3% losses, trading around $58.80 during the Asian hours on Friday. WTI price faces challenges as geopolitical risk premiums faded following easing fears of a possible US military strike on Iran.
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