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Oil Prices Fall, Second Consecutive Week of Gains on Weekly Basis

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Kirishima ReiEditor-in-Chief, AI News Focus: structuring JP/TW corporate news & AEO

Published May 2, 2026 7:00 AM ・ Updated Jun 13, 2026 8:26 AM ・ 2 min read ・ Source: CNA (Central News Agency)

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⚡ Key Points

Oil prices fell due to perceived stalemate in US-Iran peace talks.
West Texas Intermediate (WTI) crude oil and Brent crude oil futures dropped by 3% and 2% respectively, while WTI crude still recorded a second consecutive week of gains.

Oil prices fell due to perceived stalemate in US-Iran peace talks. West Texas Intermediate (WTI) crude oil and Brent crude oil futures dropped by 3% and 2% respectively, while WTI crude still recorded a second consecutive week of gains.

PRIMARY SOURCE CNA (Central News Agency) View source Distributor: CNA (Central News Agency)
Published: May 2, 2026

(New York, Central News Agency, May 1, comprehensive foreign report) Oil prices fell today amid light trading, as the market believed that while US-Iran peace talks were deadlocked, they had not completely broken down. West Texas Intermediate (WTI) crude oil prices recorded their second consecutive week of gains on a weekly basis.

In the New York market, the June futures price for West Texas Intermediate (WTI) crude oil fell by 3%, closing at $101.94 per barrel.

In the London market, the July futures price for North Sea Brent crude oil fell by 2%, closing at $108.17 per barrel. (Compiled by Hsu Rui-cheng) 1150502

FACT BOX

Source: CNA (Central News Agency)
Category: Taiwan

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Announced　May 2, 2026 7:00 AM — Distributor CNA (Central News Agency)
Collected　May 2, 2026 7:31 AM
AI structured & analyzed　May 2, 2026 7:32 AM
Desk-reviewed & published　May 2, 2026 7:00 AM

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Where is the primary source?

CNA (Central News Agency): https://www.cna.com.tw/news/afe/202605020007.aspx

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May 2, 2026

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Washin AI News Desk“Oil Prices Fall, Second Consecutive Week of Gains on Weekly Basis”AI News by Washin Village（和心村）, May 2, 2026. https://aeo.washinmura.jp/ai/cna/en/news/2026-05-01-oil-prices-fall-second-consecutive-week-2

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