Crude prices remain under pressure despite a modest rebound from Tuesday’s low of $71.94 per barrel.
West Texas Intermediate crude trades around $72.50 per barrel, extending a three-day decline despite a slight recovery from a three-month low. The benchmark hit $71.94 on Tuesday before rebounding modestly in Asian trading on Wednesday.
Oil prices have faced downward pressure amid concerns over demand and broader market sentiment. The current level remains below recent highs, reflecting ongoing volatility in energy markets.
No immediate market reaction was reported following the price movement.