Crude Oil Prices Fall Following Trump Remarks About Ending Iran War Soon

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2026.05.20 09:42
portai
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Crude oil prices declined following President Trump's comments about a swift end to the Middle East war, with Brent crude down 1.8% to $109.28/barrel and WTI down 0.8% to $107.77/barrel. Despite this, analysts suggest prices may rise due to potential supply disruptions and low global oil stocks. U.S. crude stockpiles are projected to have decreased by 3.4 million barrels, with the EIA set to release its weekly report later today.