West Texas Intermediate (WTI) crude oil prices fell for the fourth consecutive day, continuing their downward trend during Asian trading hours on Monday. According to FX Street, WTI was trading near $93.60 per barrel as the price slide persisted.
This marks a notable streak of losses for the benchmark US crude, reflecting ongoing market pressures amid global economic uncertainties. The steady decline over multiple sessions suggests cautious sentiment among investors and traders.
For Japanese markets, this sustained drop in oil prices could impact energy-related equities and influence import costs, given Japan's reliance on crude oil imports to fuel its economy.