WTI reverses sharply lower from highest since 2008, back to barely higher near $116 with geopolitics in focus

WTI has pulled back sharply to the $116s after hitting its highest levels since 2008 above $127.50.

Though still trading with on the daily gains of about than $1.0 in the $116 per barrel area, front-month WTI futures have seen a substantial pullback from earlier session highs. For reference, WTI surged to its highest levels since 2008 on Monday, printing near-14-year highs in around $127.50 mark, up a massive near $13.00 on the session.

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Source: CNBC - 🏆 12. / 72 Read more »