Government leadersEconomic data

WTI trades near $99.00, five-week highs amid escalating Middle East supply risks

FXStreet23 October 2026, 01:01 UTCUnited States of America

West Texas Intermediate (WTI) oil price remains stronger for the second successive day, trading around $98.80 per barrel during Asian hours on Friday. WTI price remains near its highest level in five weeks, driven by escalating geopolitical tensions and supply risks in the Middle East.

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