Crude oil prices retreat after 6% surge amid US-Iran tensions
after close1 source ↓written by the desknot a recommendation
- the previous day
- 6% surge
- July delivery decreased
- $0.68
- per barrel
- $113.76
- WTI crude declined
- $1.59
- $104.83
Crude oil prices fell on 5 May after a 6% surge the previous day. Brent crude for July delivery decreased $0.68 to $113.76 per barrel, while WTI crude declined $1.59 to $104.83. The US Navy's operation to ease Iran’s blockade in the Strait of Hormuz may increase supply, impacting future pricing.
Not investment advice. For informational purposes only.