Back to news
07 Aug 2026 · 09:30 GMT+3
7

WTI Price Forecast: Growing internal war risks in Middle East support recovery to near $78

West Texas Intermediate (WTI), futures on NYMEX, extends Thursday’s recovery move slightly to near $77.80 during the day. The Oil price underperformed in the last two weeks on hopes of the Strait of Hormuz reopening, a critical chokepoint to almost 20% of global energy supply.

Trading involves risk. The information above is for reference only and does not constitute investment advice.