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Jun 10, 2026
WTI Oil holds near seven-week lows sub-$87 despite US-Iran tensions
Crude prices are trading lower for the fifth consecutive day on Wednesday, with the US benchmark West Texas Intermediate (WTI) barrel trading at $86.60 at the time of writing, more than $4 down so far this week.
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Jun 10, 2026
United States: Oil-driven price pressures and policy focus – UBS
UBS Chief Economist Paul Donovan expects May United States (US) headline consumer price inflation to rise as higher Oil-related costs are passed through to consumers. He notes firms can protect profit margins by raising prices while demand holds, with US consumers drawing on savings.
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