timesofindia.indiatimes.com ·
oil prices today 13 may 2026 crude slips after three day rally as markets track iran ceasefire and donald trump xi jinping summit
Topic context
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AI insight
AI-generatedOil prices slipped after a three-day rally as markets track an Iran ceasefire and a Trump-Xi summit. The decline is modest, but ongoing supply disruptions and falling US inventories suggest tightness. The channel is supply_shortage and geopolitical risk. Impact is global, with direct effect on crude prices and downstream refining margins.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Brent crude fell 82 cents to $106.95/bbl on May 13, 2026.
- WTI crude dropped 66 cents to $101.52/bbl.
- US crude inventories declined for four consecutive weeks.
- Analysts predict oil prices above $80/bbl for the remainder of 2026.
- US consumer prices have risen sharply, adding inflationary pressure.
Mid-term oil prices are expected to stabilize as US inventory draws offset geopolitical easing, remaining within a 2-3% range.
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Sector impact at a glance
- COMMODITY_OILmid
- GLOBAL_ENERGYmid
- GLOBAL_ENERGYshort
- REFININGmid