#XBRUSD#
In June 2026, the international crude oil market saw an extremely rapid price pullback. During intraday trading on June 24, WTI crude oil briefly fell to $69.66 per barrel, breaking below the $70 psychological level, and eventually closed at $70.34. Brent crude weakened in tandem, with the intraday low reaching $73.07, and it closed at $73.74.
From a longer-term perspective, the speed of this decline surprised the market at large. Brent crude reached a high of $118.35 per barrel in March, and as of June 26, Brent crude had cumulatively fallen more than 39% from that high; WTI crude is down about 36% from its high. In just 11 days, international oil prices gave back all the gains during the US-Iran conflict and returned to the price level seen before the conflict broke out.
Based on Gate market data, excerpt
In June 2026, the international crude oil market saw an extremely rapid price pullback. During intraday trading on June 24, WTI crude oil briefly fell to $69.66 per barrel, breaking below the $70 psychological level, and eventually closed at $70.34. Brent crude weakened in tandem, with the intraday low reaching $73.07, and it closed at $73.74.
From a longer-term perspective, the speed of this decline surprised the market at large. Brent crude reached a high of $118.35 per barrel in March, and as of June 26, Brent crude had cumulatively fallen more than 39% from that high; WTI crude is down about 36% from its high. In just 11 days, international oil prices gave back all the gains during the US-Iran conflict and returned to the price level seen before the conflict broke out.
Based on Gate market data, excerpt






















