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WTI Oil Retreats From Near Three-Week Highs as Pessimism Grows Around Russia/Ukraine Deal

WTI Oil drops from three-week highs as Russia/Ukraine peace deal pessimism grows. Technical analysis hints at continued bearish momentum. Upcoming API data may provide more clarity for the near-term.

26-08-2025 12:29 GMT by Zain Vawda

US Oil (WTI) consolidates at support but looks for direction – rangebound trading levels

US Oil has broken out of its downtrend, lifted by hopes of progress in Ukraine-Russia talks and ongoing Middle East ceasefire rumors. Yet, with supply from Iran persisting and markets awaiting clarity from the Fed and Jackson Hole Symposium, price action remains rangebound. Traders now eye key levels to exploit opportunities within the current consolidation.

21-08-2025 14:23 GMT by Elior Manier