#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
XBRUSD-0.52%
CL-0.47%
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PeacockSpreadsItsFeathersBut
· 1h ago
Waiting for an OPEC+ emergency meeting; if production is not cut with this kind of decline, we'll really see it below 60 by the end of the year.
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WaitingForConfirmationUnderThe
· 1h ago
The 39% drawdown speed of Brent in this wave is quite rare when viewed in historical cycles. How much has the supply side loosened?
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GateUser-cbb8cdf5
· 1h ago
Falling from 118 to 73, this drop is even harsher than some altcoins—now the energy market is even more exciting than the crypto world.
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GateUser-2bbf8435
· 2h ago
The psychological barrier of $70 has been broken, and the bullish faith is collapsing quite fast.
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WhitepaperByTheRoadside
· 3h ago
11 days erased the gains from geopolitical conflicts, indicating that the previous war premium was illusory, now returning to fundamentals.
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