Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

WTI Oil Prices Rebound on US-Iran Talks, Supply Concerns Remain

Guavy AI Editorial Team
Instruments
Oil
Share

The price of West Texas Intermediate (WTI) oil rebounded on Wednesday after five consecutive days of losses, reaching around $92 as traders assessed the latest Middle East developments and US inventory data.

US Secretary of State Marco Rubio described the indirect talks between the US and Iran as 'positive but not a breakthrough', adding that they were largely an exchange of ideas and messages.

The Saudi Arabia's restart of its East-West pipeline has eased some supply concerns, but shipping through Hormuz remains severely restricted. Preliminary data showed three commodity vessels crossing on Tuesday, down from four the previous day and below the recent 10-day average of about 15.

More on Commodities

Commodities 4m ago

Canola Futures Recover From Early Lows Amid Improved Harvest Progress

Commodities 5m ago

Wheat Prices Soar as Russia-Ukraine War Disrupts Global Supplies

Commodities 6m ago

Grain Prices Show Mixed Trends on Wednesday, September 23

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy