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News 2026-08-03 21:00 UTC

WTI Crude Oil futures fell 5 percent as Middle East tensions eased.

WTI Crude Oil futures experienced significant selling pressure to start the week, dropping over 5 percent to trade near the 80.25 level. The primary driver of this decline was a reduction in Middle East geopolitical tensions over the weekend. Market concerns regarding potential escalations, particularly in the Strait o