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U.S. and Brent Crude Fall Below $100 a Barrel, Gate Data Shows

U.S. and Brent Crude Fall Below $100 a Barrel, Gate Data Shows

According to Gate, both major oil benchmarks extended earlier declines of about 2% and fell below $100 per barrel, with U.S. crude at $99.6 and Brent crude at $99.7.

GT

Fact Check
The claim is directly and precisely corroborated by the Odaily newsflash 483252, which cites Gate data showing WTI at $99.6/barrel and Brent at $99.7/barrel on 2026-05-21 — exactly matching the claimed figures. The broader declining trend is confirmed by earlier Odaily newsflashes (482753, 482838) showing both benchmarks falling from ~$105 on May 20, and CNBC independently reported U.S. crude falling below $100 on May 20 due to Iran deal optimism. A minor caveat is that newsflash 483184 (published May 21 at 13:18 UTC) showed a temporary rebound to $105 (Brent) and $102 (WTI), suggesting intraday volatility; the sub-$100 reading in newsflash 483252 (18:03 UTC) represents a later intraday move. The specific price figures ($99.6 and $99.7) are sourced from Gate, a crypto/commodities data platform, which carries moderate authority for real-time commodity prices. Overall, the evidence strongly supports the claim.
Summary

Gate data indicates that the earlier pullback in major oil benchmarks deepened, with both contracts moving from roughly $105 per barrel to below $100. Brent crude, previously reported down 2.00% to $105.37, later fell to $99.7, while U.S. crude, previously cited at $105.57 after a $2 or 1.94% decline, later dropped to $99.6. The move signals continued weakness across the main global and U.S. crude pricing references and pushed both benchmarks below the closely watched $100 threshold.

Terms & Concepts
  • WTI: West Texas Intermediate is a major U.S. crude oil benchmark used to price oil contracts and track energy market moves.
  • Brent crude: Brent crude is a global oil benchmark widely used to price seaborne crude exports and international energy markets.
  • Benchmark: A reference price widely used by markets to track and compare the value of a commodity or financial asset.