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#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
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