WTI price falls 7.6% to $78.60 on eased US-Iran tensions
The WTI price has fallen 7.6% to around $78.60 due to eased tensions between the US and Iran.
The price drop comes after the US President announced a suspension of planned attacks on Iran.
The WTI technical analysis shows a bearish near-term bias, with the price below the 20-hour exponential moving average at $81.18, and the current price at $78.70.