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Commodity News Details
Energy Preview: WTI crude oil slides over 5% this week amid signs of easing geopolitical tensions
03-Feb-2026 08:57

WTI crude oil futures extend slide to a one-week low on Tuesday morning in Asia amid easing geopolitical tensions between the US and Iran. Iran and the US will reportedly resume nuclear talks on Friday which continues to exert some downward pressure on crude oil prices. Moreover, dollar firmness above 97 mark on nomination of hawkish Warsh is also not boding well for the commodity that is currently quoting at $61.78 per barrel, down 0.74% on the day and down over 5% so far this week.

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