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Trade Hub UK regulation desk (2026-08-26): Crude prices extend their reversal on Wednesday, with the US benchmark West Texas Intermediate (WTI) trading at the $79.50 area as of writing, highlighting a… Primary source: original at FXStreet (fxstreet.com).
WTI Oil drops below $80 amid hopes of Hormuz reopening, US-Iran de-escalation
Crude prices extend their reversal on Wednesday, with the US benchmark West Texas Intermediate (WTI) trading at the $79.50 area as of writing, highlighting a 9% decline from last week’s highs above $87.00.