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WTI Crude Falls Below $102, Brent Under $107 on Wednesday as Rally Stalls

GateNews

2026-05-13 10:52:10

On Wednesday, WTI crude futures fell below $102 per barrel while Brent crude slipped under $107, snapping a three-day rally. The pullback occurred despite ongoing supply constraints tied to geopolitical tensions in the Middle East and restrictions on oil flows through the Strait of Hormuz.

U.S. inflation accelerated to 3.8% in April 2026, surpassing the market expectation of 3.7% and marking its highest level in nearly three years, according to data from the U.S. Bureau of Labor Statistics. Energy costs, driven by Middle East geopolitical conflict, contributed significantly to the increase.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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