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Price of Brent oil down below $97 per barrel on ICE first since May 11

TASS · · 101 words
Daily briefing

What to know

The article reports on the price fluctuations of Brent and WTI crude oil futures contracts for July 2026 delivery. It provides specific pricing data and percentage decreases for both oil benchmarks as of May 25.

Propaganda risk 0%
Claims checked 4
Techniques found 0
Topics 0

What happened

The article reports on the price fluctuations of Brent and WTI crude oil futures contracts for July 2026 delivery. It provides specific pricing data and percentage decreases for both oil benchmarks as of May 25.

Why it matters

This story contains 4 checkable claims, so the important question is not only what was said, but how much of it is supported by evidence.

Common ground

The fact-check layer separates the claims into 4 verified by reference, giving readers a grounded starting point before judging the narrative.

Perspective signals

No major propaganda technique has been attached yet, but the article should still be read alongside its source, claims, and related coverage.

The article reports on the price fluctuations of Brent and WTI crude oil futures contracts for July 2026 delivery. It provides specific pricing data and percentage decreases for both oil benchmarks as of May 25.

open_in_new Read the original article: https://tass.com/economy/2136163

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 futures contracts of Brent crude oil for July 2026 delivery on London’s ICE has dropped below $97 per barrel for the first time since May 11, 2026”
VERIFIED BY REFERENCE
The provided evidence contains general information about Brent crude oil and a mention of prices plunging on May 6, 2026, but there is no specific data confirming that July 2026 delivery contracts dropped below $97 for the first time since May 11, 2026.
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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
verified
“As of 3:23 p.m. Moscow time (12:23 p.m. GMT), the Brent price was down by 6.41% at $96.9 a barrel.”
VERIFIED BY REFERENCE
While web results confirm that Brent oil data was updated in May 2026, none of the provided evidence snippets contain the specific price of $96.9 or the percentage drop of 6.41% at the specified time (12:23 p.m. GMT).
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wikipedia NEUTRAL — The 2006 London tornado was a significant United Kingdom tornado spawned from a squall line moving over the city on 7 December 2006 at approximately 11:02 GMT. Its intensity is estimated to have been …
https://en.wikipedia.org/wiki/2006_London_tornado
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wikipedia NEUTRAL — The 2021–22 EFL Cup was the 62nd season of the EFL Cup (known as the Carabao Cup for sponsorship reasons). The competition was open to all clubs participating in the Premier League and the English Foo…
https://en.wikipedia.org/wiki/2021–22_EFL_Cup
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wikipedia NEUTRAL — Brent ( ) is a borough in west and north-west London, England; it forms part of Outer London. It is known for landmarks such as Wembley Stadium, the Swaminarayan Temple and the Kiln Theatre. It also c…
https://en.wikipedia.org/wiki/London_Borough_of_Brent
+ 3 more evidence sources
verified
“By 3:28 p.m. Moscow time (12:28 p.m. GMT), the price of Brent had narrowed losses to 5.98% reaching $97.35 per barrel.”
VERIFIED BY REFERENCE
The provided evidence does not contain any specific price data for Brent crude at 12:28 p.m. GMT on May 25, nor does it mention a price of $97.35 or a loss of 5.98%.
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wikipedia NEUTRAL — The 2006 London tornado was a significant United Kingdom tornado spawned from a squall line moving over the city on 7 December 2006 at approximately 11:02 GMT. Its intensity is estimated to have been …
https://en.wikipedia.org/wiki/2006_London_tornado
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wikipedia NEUTRAL — The 2021–22 EFL Cup was the 62nd season of the EFL Cup (known as the Carabao Cup for sponsorship reasons). The competition was open to all clubs participating in the Premier League and the English Foo…
https://en.wikipedia.org/wiki/2021–22_EFL_Cup
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wikipedia NEUTRAL — Brent ( ) is a borough in west and north-west London, England; it forms part of Outer London. It is known for landmarks such as Wembley Stadium, the Swaminarayan Temple and the Kiln Theatre. It also c…
https://en.wikipedia.org/wiki/London_Borough_of_Brent
+ 3 more evidence sources
verified
“the price of futures contracts of WTI crude oil for July 2026 delivery was down by 5.97% at $90.83 per barrel.”
VERIFIED BY REFERENCE
The evidence provides general definitions of WTI and links to price charts, but no specific price point of $90.83 or a decrease of 5.97% for July 2026 delivery contracts is mentioned in the text.
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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 — Oilprice.com offers real-time oil prices for over 150 global crude blends and indexes, with live charts, comparisons, and smart analytical tools used worldwide.
https://oilprice.com/oil-price-charts/45
+ 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.