News · 13 May 2026

Oil prices dip, but $100+ fuel costs persist.

Drivers and businesses could still face high fuel costs as crude prices stayed above $100 a barrel despite a small drop on Wednesday. Brent crude fell 82 cents to $106.95 a barrel while US West Texas Intermediate dropped 66 cents to $101.52 before Donald Trump’s China visit. Markets are watching the fragile Iran ceasefire closely after fighting disrupted oil flows through the Strait of Hormuz.

By BriefTea Editorial · 13 May 2026 at 5:10

Reported by Reuters · How we write briefs

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