WTI Crude Oil Retreats After 13% Surge as Profit-Taking Begins

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.