CME Group Inc.
08/07/2026 | Press release | Distributed by Public on 08/07/2026 15:10
WTI Crude Oil futures closed near 76.90 after choppy session.
WTI Crude Oil futures experienced a choppy trading session, rallying early toward $78 per barrel on U.S.-Iran tensions in the Strait of Hormuz before settling near 76.90. Despite an 8% decline on the week, prices finished $2 above intraday lows. Volatility spiked early with the price advance before easing into the weekend close, as measured by the CVOL Index. Meanwhile, latest positioning data reveals speculators reversed course by trimming net long positions after expanding exposure in late July.
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