WTI Crude Oil Falls Below $90 a Barrel for First Time Since April 21

According to Gate data, West Texas Intermediate crude oil extended a sharp intraday sell-off from an earlier 2.00% decline at $104.09 per barrel to 7.37% below $96, then 10.00% at $93.25, and later 13.17% as it fell below $90 per barrel. The move marked the first time WTI traded under $90 since April 21. While no specific catalyst was provided, the decline represented a significant one-day move in a key U.S. energy benchmark that market participants monitor for its influence on inflation expectations and broader risk sentiment.

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