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Line chart of WTI crude oil futures sliding for six straight sessions after a September 10, 2026 peak.

WTI crude closed lower for a sixth straight session on September 22, 2026, after peaking on September 10, as diplomatic signals from the UN General Assembly raised hopes of de-escalation around the Strait of Hormuz. The slide weakens the fuel-cost inflation argument the Bank of Canada cited on September 2 when it warned further rate hikes might be needed. The Canadian dollar also weakened over the same stretch, still tracking the direction of oil.

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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