West Texas Intermediate (WTI) crude oil prices showed a bearish trend at the start of the European trading session on Tuesday. WTI is currently trading at $59.78 per barrel, marking a decline from Monday's close of $60.06. This downward movement reflects broader concerns in the market, influenced by fluctuating demand forecasts and geopolitical tensions impacting oil supply.
Brent crude is also experiencing a dip, with prices falling to $63.69 after closing at $63.96 the previous day. The weakening exchange rate for both WTI and Brent may affect related currency pairs, particularly the USD against oil-sensitive currencies. Traders will be closely monitoring these developments, as persistent declines could influence inflationary pressures and central bank monetary policies in the coming weeks.
About Yongxianli Trader Incubation Program
Want to become a professional trader? Yongxianli offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: Yongxianli Analysis Team Updated: 2025-11-11 09:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.