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Daily WTI crude oil price chart showing a pullback to $89.31 after a six-week high mid-week.

Oil touched a six-week high of $92.19 on Thursday after Houthi forces struck Saudi tankers, then eased on reports of Pakistan-brokered mediation between the parties. The pullback still left crude with its strongest weekly gain since the war began in February, even as prices remain well above the roughly $69 level that prevailed before the conflict started. Markets are now watching whether the mediation reports mark a lasting de-escalation or another pause in a pattern of on-again, off-again diplomacy.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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