#WTI原油失守90美元 Yes, you read that right. The price of WTI crude oil (West Texas Intermediate futures) has indeed fallen below the critical $90 per barrel mark.

As of the close on May 29, 2026, WTI July crude oil futures settled at $87.36 per barrel, down 1.73% for the day, with an intraday low of $86.35.

The main reason for this decline is the market’s expectation that tensions in the Middle East may ease. Investors generally believe that the US and Iran may soon reach a ceasefire agreement, which would restore navigation through the key shipping route, the Strait of Hormuz. This expectation directly strips away the previously priced-in “geopolitical risk premium” in oil prices:

· Weekly plunge: WTI crude oil has fallen more than 9% this week, marking the largest weekly decline in nearly six weeks.
· New lows: Both major international oil benchmarks have dropped to their lowest levels since mid-April this year.

Although oil prices are currently under pressure, uncertainties still remain in the market. For example, Iran’s Foreign Ministry denies that a final agreement has been reached, and US crude oil inventories continue to decline. Additionally, the approaching peak summer driving season provides some support to oil prices.