West Texas Intermediate (WTI) crude oil prices have dipped below $60.10 per troy ounce, continuing a downward trend for the second consecutive session. The recent decline is attributed to a reduction in market fears regarding a potential US military strike on Iran, which has tempered earlier bullish sentiment. As traders reassess geopolitical risks, the WTI price could face further volatility.
This easing in tensions has led to a more subdued market environment for crude oil, impacting currency pairs linked to oil economies. The exchange rate of the USD remains sensitive to these developments, while the EUR/USD pair also reacts to fluctuating commodity prices. Investors are closely monitoring this situation, as shifts in oil prices can significantly influence broader market dynamics and trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 07:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.