Crude oil prices snap three-day gaining streak ahead of Trump-Xi meeting. Where are they headed next?
US-Iran war: Oil prices declined on Wednesday, 13 May, after surging 8% over the previous three sessions, as investors closely monitored developments surrounding the fragile ceasefire in the Iran conflict and awaited the high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping in China.
Brent crude futures slipped 82 cents, or 0.76%, to $106.95 a barrel, while US West Texas Intermediate crude futures dropped 66 cents, or 0.65%, to $101.52 a barrel.
