International Oil Prices Edge Lower as Market Eyes Middle East Situation
International oil prices closed slightly lower on the 19th as investors continued to monitor developments in the Middle East. Despite threats from U.S. President Donald Trump about a possible attack on Iran, the market remained cautious, noting that similar threats since a ceasefire in early April have not been acted upon. New York's WTI crude settled at $107.77 per barrel, while London's Brent crude ended at $111.28 per barrel.
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- 📰 Published: May 20, 2026 at 06:09
- 🔍 Collected: May 20, 2026 at 06:31 (22 min after Published)
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(CNA, New York, 19th, compiled from foreign wire reports) After U.S. President Donald Trump threatened a possible resumption of attacks on Iran, investors observed that since a U.S.-Iran ceasefire was reached in early April, Trump has made multiple threats that were ultimately not carried out. With investors continuing to watch the situation unfold, international oil prices closed slightly lower today. West Texas Intermediate (WTI) crude for June delivery on the New York Mercantile Exchange fell 89 cents, or 0.82%, to close at $107.77 per barrel. London's North Sea Brent crude for July settlement slipped 82 cents, or 0.73%, to end at $111.28 per barrel. (Translator: Kao Chao-fen / Editor: Hung Chi-yuan) 1150520