Hot Commodities: WTI crude tests one month low around $87 per barrel before a rebound

WTI Crude Oil futures saw sustained selling pressure yesterday, dropping to a one-month low around $87 per barrel. Prices slipped further after breaking under $90 per barrel amid discussions of a potential strategic reserve release in Europe. However, the counter rebounded around 1% today to trade at $91.20 as the market focussed on escalating tensions in the Middle East.

Powered by Commodity Insights