TREE NEWS reports: WTI crude futures erased an earlier 1.5% decline and turned higher, trading up 0.23% at $91.586 a barrel. The intraday reversal left the US benchmark in positive territory after the session’s earlier selloff.
WTI crude recovers 1.5% drop, turns positive at $91.586/bbl
The reversal matters less for its size than for its timing: a 1.5% selloff that fails to hold suggests the earlier move was positioning rather than conviction, and dip-buying interest remains present near these levels. For anyone tracking macro risk transmission into crypto and RWA markets, crude's ability to hold positive territory is a useful, if imperfect, read on broader risk appetite. Whether this intraday recovery extends into a sustained bid, or merely marks a pause before the next leg lower, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.