West Texas Intermediate futures on NYMEX are up 2% to near $76.00 during the European trading session on Thursday. The WTI crude oil trades firmly, but struggles to stabilise above the $76.00 hurdle due to signs of de-escalation in conflicts between the United States, Israel and Iran. The oil price had rallied significantly in the past few trading days as heightened military activities near the Strait of Hormuz due to the ongoing war dampened the overall supply mechanism. Hopes of de-escalation in Middle East conflicts have been invoked by a report from Sky News Arabia claiming that Iran is willing The post WTI struggles above $76 on hopes of de-escalating Mideast conflict appeared first on Financial Mirror .