West Texas Intermediate (WTI) crude oil prices dropped below $60 on Thursday, retreating from earlier gains as bullish momentum wanes. The decline comes as geopolitical risk premiums diminish, largely due to a shift in tone from US President Donald Trump regarding Iran, which has alleviated concerns about potential military conflict.
As the market reacts to these changing dynamics, traders are closely monitoring the impact on the USD and its associated currency pairs. The exchange rate fluctuations reflect the evolving sentiment, influencing trading strategies across commodities and currencies alike. Investors may need to adjust their positions as WTI struggles to maintain its footing amid this easing of tensions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 18:35
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.