WTI crude oil futures were down 2.00% intraday at $68.11 per barrel, extending the benchmark U.S. crude contract to its weakest level in more than three months.
U.S. crude oil futures, specifically WTI crude oil futures, fell 2.00% intraday to $68.11 a barrel, below the earlier cited $68.22 level and marking their lowest price since Feb. 27. Odaily and Odaily Planet Daily cited Gate data for the move, with the newer report also referencing Jin10. The decline signals renewed softness in oil prices, a macro indicator that can affect inflation expectations and broader risk appetite across financial markets.