# WTI Oil struggles below $70 amid expectations of higher Middle East supply

> WTI traded near $69.65 after losing about $8 in the week, its lowest since February 27. Energy Secretary Chris Wright said Hormuz crude flows had returned to pre-war levels, with about 20 million barrels passing on Wednesday.

- Date: 2026-06-26 · published 2026-06-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/18998-wti-oil-struggles-below-70-amid-expectations-of-higher-middle-east-supply
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of higher Gulf and Venezuelan supply are weighing on crude and reducing the cost pressure on biofuel feedstocks and fertilizer. The price trend depends on whether Hormuz flows keep recovering.

## Read by commodity

- WTI: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/wti-oil-struggles-below-70-amid-expectations-of-higher-middle-east-supply-202606260842

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.