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WTI Crude Oil Breaks $95 Per Barrel on June 3, Up for Third Consecutive Day

2026-06-03 02:52:18

CL3.87%

WTI crude oil futures broke through $95 per barrel on Wednesday (June 3), marking the third consecutive trading day of gains. The price surge reflects escalating geopolitical risk premium amid uncertainties surrounding ongoing U.S.–Iran peace talks.

U.S. industry data showed crude oil inventories decreased by 6.8 million barrels last week. If confirmed by official government data later on Wednesday, this would mark the sixth consecutive week of inventory declines.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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