Crude Oil Futures News - May 20, 2026
WTI crude sinks 5%, as Trump signals imminent Iran peace deal
West Texas Intermediate (WTI) crude fell 5% to below $99 per barrel on Wednesday. President Donald Trump stated a deal to end the three-month Iran conflict is...
EIA reports 7.9M barrel oil inventory plunge, signaling robust demand
The U.S. Energy Information Administration (EIA) reported a 7.863 million barrel decrease in domestic crude oil stockpiles for the week ending May 15, 2026....
🔴 Crude Oil is trading 4% down today as Trump pauses Iran strike
Crude Oil is trading 4% down at $98.77 as geopolitical risk premiums unwind following a de-escalation in U.S.–Iran tensions. • President Trump paused a...
🔴 Crude Oil is trading 2.7% down today as U.S.-Iran tensions de-escalate
Crude Oil is trading 2.7% down today at $100.09 as de-escalation in U.S.–Iran tensions reduced the geopolitical risk premium built into prices. • President...