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Brent Crude Tops $109 as Gold and Silver Decline, According to Gate Data

Gate data shows Brent crude rising above $109 per barrel and West Texas Intermediate (WTI) (U.S. oil benchmark) reaching $105, while spot gold and spot silver moved lower.

GT

Fact Check
The Odaily Newsflash 479323 is the direct primary source for the claim, explicitly attributing the figures to Gate market data and confirming all four data points: Brent above $109/barrel, WTI at $105/barrel, spot gold declining (below $4,580/oz), and spot silver declining (at $74.24/oz, -2%+). TradingEconomics independently places Brent at $109.73/barrel on May 4, 2026, directly corroborating the $109+ level. PANewsLab (Bybit data, a slightly later snapshot) shows Brent at $110 and WTI at $106.26, consistent with continued upward movement after the Gate snapshot. The BBC confirms the $109 Brent level in the same geopolitical context. The only minor caveat is that the specific attribution to 'Gate data' could not be verified via Gate.io's own official channels (no matching X post found), but the underlying price figures are strongly corroborated by multiple independent market data sources.
Summary

Commodity prices moved in different directions, according to Gate data. Brent crude climbed above $109 per barrel, and West Texas Intermediate (WTI) (U.S. oil benchmark) touched $105. In precious metals, spot gold fell below $4,580 per ounce, while spot silver dropped more than 2% to $74.24. The moves indicate strength in oil prices alongside weakness in key safe-haven metals during the reported period.

Terms & Concepts
  • Brent crude: A major international oil benchmark used to price much of the world’s seaborne crude exports.
  • West Texas Intermediate (WTI): A U.S. oil benchmark widely used to track domestic crude prices and broader energy market trends.
  • Spot price: The current market price for immediate purchase or sale of an asset such as gold or silver.