General · 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.
Reported by Reuters · How we write briefs