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WTI Crude Oil Prices Ease Following Recent Rally
April 6, 2026 at 02:32 PMBy AlphaScalaSource: Action Forex
WTI crude oil prices pulled back on Monday following a 13% rally that pushed the commodity to a one-month high of $115.42.
West Texas Intermediate (WTI) crude oil prices retreated slightly on Monday as investors engaged in profit-taking. The move follows a significant surge in the previous session, where prices climbed more than 13% on Thursday.
During Monday’s trading, the commodity touched a marginal new high of $115.42 before experiencing a pullback. The decline reflects a cooling period for oil bulls after the asset reached its highest level in one month. Market participants are now recalibrating positions following the rapid gains observed late last week.