Summary
- International oil prices fell during intraday trading, giving back part of their recent gains.
- West Texas Intermediate (WTI) fell 2.00%% intraday to $104.09 a barrel, according to data from platform Gate.
- The market sees the move as a correction as some investors take profits after the recent short-term surge, while supply risks including geopolitical tensions in the Middle East remain in place.
Forecast Trend Report by Period
International oil prices fell during intraday trading, giving back part of their recent gains.
According to cryptocurrency-focused media outlet Odaily on May 5, West Texas Intermediate crude fell 2.00% intraday to $104.09 a barrel on data platform Gate.
The decline was seen as a correction, with some investors taking profits after the recent short-term surge. Supply risks, including geopolitical tensions in the Middle East, remain in place.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
