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News 2026-08-07 22:00 UTC

WTI Crude Oil futures closed near 76.90 after choppy session.

WTI Crude Oil futures experienced a choppy trading session, rallying early toward $78 per barrel on U.S.-Iran tensions in the Strait of Hormuz before settling near 76.90. Despite an 8% decline on the week, prices finished $2 above intraday lows. Volatility spiked early with the price advance before easing into the week