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CommoditiesMediumUpdated•Originally published 24 February 2026•Updated 24 February 2026•

1 min read

WTI Crude Oil Retreats After Touching Six-Month Highs

Key Facts

1WTI is trading near $66.80, approaching a six-month high of $67.23 reached on February 23.

2Oil prices extended gains for the second successive session during Asian hours on Tuesday.

5 months ago

Version History

Version 15 months ago

What changed: WTI prices shifted from approaching highs to a 0.68% retreat after hitting the $67.23 resistance level on Monday.

WTI crude oil prices fell by 0.68% to trade around $65.95 per barrel, retreating after hitting a six-month high of $67.23 on Monday. This downward move follows a period of strong bullish momentum driven by global supply disruption fears and geopolitical uncertainties. Despite reaching the late February peak, selling pressure emerged as investors locked in profits near key resistance levels. Market participants are now evaluating whether this decline represents a temporary technical correction or the beginning of a broader trend reversal. The energy market remains highly sensitive to news affecting global production and distribution, which continues to influence commodity-linked currencies like the Canadian Dollar (CAD).