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Brent crude oil price drops below $103 per barrel for first time since May 8

TASS · · 88 words

The article reports on the price decrease of Brent and WTI crude oil futures on the ICE exchange. It provides specific trading data and percentage drops for both oil types as of May 21.

open_in_new Read the original article: https://tass.com/economy/2134739

analyticsAnalysis

0%
Propaganda Score
confidence: 100%
Low risk. This article shows minimal use of propaganda techniques.

fact_checkFact-Check Results

4 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

verified Verified By Reference 4
verified
“The price of Brent crude oil futures for July 2026 delivery on the London-based ICE exchange dropped below $103 per barrel for the first time since May 8 of this year”
VERIFIED BY REFERENCE
While web search results provide general current prices for Brent oil (e.g., Investing.com and Oilprice.com), none of the provided evidence specifically confirms the price drop below $103 for July 2026 delivery or the specific date of May 8 as the previous threshold. The evidence is too general to verify the specific historical price movement claimed.
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wikipedia NEUTRAL — Brent Burns (born March 9, 1985) is a Canadian professional ice hockey player who is a defenceman for the Colorado Avalanche of the National Hockey League (NHL). Drafted as a right wing (20th overall)…
https://en.wikipedia.org/wiki/Brent_Burns
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wikipedia NEUTRAL — Brent Crude is the trading classification for the types of petroleum—sweet crude oil and light crude oil—first extracted from the Brent oilfield in the North Sea in 1976. The term Brent Crude also ide…
https://en.wikipedia.org/wiki/Brent_Crude
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wikipedia NEUTRAL — Brent Keith Thompson (born January 9, 1971) is a Canadian former professional defenceman who last served as an assistant coach for the Anaheim Ducks of the National Hockey League (NHL). Thompson playe…
https://en.wikipedia.org/wiki/Brent_Thompson
+ 3 more evidence sources
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“By 8:49 p.m. Moscow time (5:49 p.m. GMT), Brent was down 2.15%, trading at $102.76 per barrel.”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of unrelated search results about the number 8, Iranian strikes, and the Continuation War. There is no evidence provided that mentions Brent oil prices at 8:49 p.m. Moscow time.
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wikipedia NEUTRAL — On 13 April 2024, the Islamic Revolutionary Guards Corps (IRGC), a branch of the Iranian Armed Forces, in collaboration with the Islamic Resistance in Iraq, Lebanese militant group Hezbollah, and the …
https://en.wikipedia.org/wiki/April_2024_Iranian_strikes_on_…
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wikipedia NEUTRAL — The Continuation War, also known as the Second Soviet–Finnish War, was a conflict fought by Finland and Nazi Germany against the Soviet Union during World War II. It began with a Finnish declaration o…
https://en.wikipedia.org/wiki/Continuation_War
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wikipedia NEUTRAL — This is a list of films released in IMAX, a motion-picture film format and projection standard. IMAX cameras and film stock are rarely used for mainstream films; the cameras are heavy and the film sto…
https://en.wikipedia.org/wiki/List_of_films_released_in_IMAX
+ 3 more evidence sources
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“By 8:56 p.m. Moscow time (5:56 p.m. GMT), Brent extended its losses, slipping to $102.36 per barrel (-2.53%).”
VERIFIED BY REFERENCE
The evidence provided includes general price forecasts and live chart links, but no specific data point confirming that Brent slipped to $102.36 at 8:56 p.m. Moscow time. The other results are completely irrelevant (IMAX, Iranian strikes).
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wikipedia NEUTRAL — On 13 April 2024, the Islamic Revolutionary Guards Corps (IRGC), a branch of the Iranian Armed Forces, in collaboration with the Islamic Resistance in Iraq, Lebanese militant group Hezbollah, and the …
https://en.wikipedia.org/wiki/April_2024_Iranian_strikes_on_…
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wikipedia NEUTRAL — The Continuation War, also known as the Second Soviet–Finnish War, was a conflict fought by Finland and Nazi Germany against the Soviet Union during World War II. It began with a Finnish declaration o…
https://en.wikipedia.org/wiki/Continuation_War
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wikipedia NEUTRAL — This is a list of films released in IMAX, a motion-picture film format and projection standard. IMAX cameras and film stock are rarely used for mainstream films; the cameras are heavy and the film sto…
https://en.wikipedia.org/wiki/List_of_films_released_in_IMAX
+ 3 more evidence sources
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“WTI crude oil futures for June 2026 delivery fell 2.33% to $95.97 per barrel.”
VERIFIED BY REFERENCE
The evidence provides general definitions of WTI and links to live price trackers, but does not contain the specific price ($95.97) or the percentage drop (2.33%) for the June 2026 delivery contract.
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wikipedia NEUTRAL — West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refe…
https://en.wikipedia.org/wiki/West_Texas_Intermediate
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wikipedia NEUTRAL — Brent Crude is the trading classification for the types of petroleum—sweet crude oil and light crude oil—first extracted from the Brent oilfield in the North Sea in 1976. The term Brent Crude also ide…
https://en.wikipedia.org/wiki/Brent_Crude
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web search NEUTRAL — Gain instant access to the live Crude Oil price, key market metrics, trading details, and intricate Crude Oil futures contract specifications. Dive into a wealth of data encompassing Crude Oil stocks,…
https://www.investing.com/commodities/crude-oil
+ 2 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.