WTI crude futures pull back after four-day rally near $90.75
WTI crude futures pulled back slightly to trade near $90.75, snapping a four-day rally that pushed prices to highest levels since early June. Intraday selling earlier took prices to $88.72 before a late recovery.
WTI Crude Oil futures pulled back slightly to trade near $90.75, snapping a four-day rally that had pushed prices to their highest levels since early June.
The initial intraday sell-off saw prices drop to $88.72 following early-session discussions regarding potential geopolitical de-escalation in the Middle East.
However, the market recovered a couple of dollars from those lows by the afternoon as traders digested the news.
The broader energy complex continues to show significant upward momentum, with RBOB Gasoline and heating oil also realizing higher price action over the past couple of weeks.