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Energy Preview: WTI crude oil futures rebound 3% in early Asia following over 16% slide yesterday
09-Apr-2026 08:53

WTI crude oil futures rebounded on Thursday morning in Asia following a sharp plunge in the previous session amid reports of US and Iran agreeing on a two-week ceasefire. However, renewed concerns amid uncertainty on ceasefire after Israeli strikes on Lebanon raised doubts about the durability of a fragile Middle East ceasefire. Meanwhile, reports suggest that the Strait of Hormuz also remains largely obstructed, elevating Middle East tensions that could disrupt energy supplies might boost the WTI price in the near term. WTI crude oil futures are currently up nearly 3% at $96.96 per barrel following an over 16% slide in the previous session. Brent is also up over 2% in early Asia.

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