West Texas Intermediate (WTI) crude oil is trading at approximately $60.35 during Thursday's Asian session, reflecting modest gains as market participants respond to ongoing civil unrest in Iran. The geopolitical tensions are prompting traders to reassess their positions, particularly as they consider the implications for oil supply and global market stability.
As the situation in Iran evolves, traders are keeping a close eye on how these developments could impact the WTI exchange rate and, by extension, related currency pairs. A sustained rise above the $60.00 mark may signal further bullish sentiment in the oil market, influencing trading strategies across various asset classes, including USD and EUR pairs.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 01:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.