WTI hovers near one-month high as Hormuz supply risks remain in focus

West Texas Intermediate (WTI) Crude Oil consolidates modest losses on Wednesday but stays close to a one-month high as escalating Middle East tensions keep supply risks around the Strait of Hormuz in focus. At the time of writing, WTI trades around $78.70, up roughly 10% so far this week.

WTI hovers near one-month high as Hormuz supply risks remain in focus
West Texas Intermediate (WTI) Crude Oil consolidates modest losses on Wednesday but stays close to a one-month high as escalating Middle East tensions keep supply risks around the Strait of Hormuz in focus. At the time of writing, WTI trades around $78.70, up roughly 10% so far this week.

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