West Texas Intermediate (WTI) crude oil prices slipped to $91.50 during the Asian session on Friday, breaking a two-day upward trend. This decline halted the commodity’s ongoing recovery from a nearly four-week low, according to FX Street.
The price movement reflects a temporary pause in the recent bullish momentum seen in the oil markets. Traders appeared cautious as the price retraced some gains made earlier in the week.
For Japanese investors, fluctuations in WTI crude are closely watched due to their impact on energy costs and inflation, influencing both the FX and equities markets domestically.