Forex▼ Bearish
WTI Crude's 7% Slide Breaks Uptrend, Tests $82.7 Support
WTI fell 7% on July 27 after the U.S. suspended Iran strikes. The gap broke the uptrend, leaving $82.7 as key support. A failure there could open a move to $80.5.
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WTI crude oil fell 7% on July 27, 2026, after the U.S. suspended a series of strikes against Iran over the weekend, CNBC reported. The move raised expectations of a diplomatic solution that could reopen the Strait of Hormuz. Brent crude also dropped below $90 a barrel.
On the same day, Bloomberg reported that Yemen's Houthi movement had claimed attacks on Saudi Aramco facilities in Jizan and Yanbu, a reminder that the conflict remains unresolved.