Middle East ceasefire holds, international oil prices fall
International crude oil prices fell today as the Middle East ceasefire held, reversing gains from the previous day caused by clashes in the Strait of Hormuz and attacks on the United Arab Emirates.
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- 📰 Published: May 6, 2026 at 06:13
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(Central News Agency, New York, May 5, comprehensive foreign report) International crude oil prices fell today as the Middle East ceasefire held. The previous day, clashes in the Strait of Hormuz and attacks on the United Arab Emirates had pushed oil prices up.
New York Mercantile Exchange's West Texas Intermediate crude for June delivery fell $4.15, or 3.9%, to settle at $102.27 per barrel.
London's North Sea Brent crude for July delivery fell $4.57, or 4%, to settle at $109.87 per barrel. (Compiled by: Chang Hsiao-wen) 1150506
New York Mercantile Exchange's West Texas Intermediate crude for June delivery fell $4.15, or 3.9%, to settle at $102.27 per barrel.
London's North Sea Brent crude for July delivery fell $4.57, or 4%, to settle at $109.87 per barrel. (Compiled by: Chang Hsiao-wen) 1150506