U.S. Oil Prices Fall Below $90 a Barrel for First Time Since May 7
The move extends recent losses in the oil market, with the price drop marking the first break below the $90-per-barrel level in more than a month.
Fact Check
Multiple authoritative sources corroborate the claim. Trading Economics reports WTI at $90.33 on May 25, 2026 (down 6.5%), and Investing.com's headline confirms crude testing $90 on the same day. EIA historical weekly WTI data shows prices were $98-$110 in early-to-mid May 2026, consistent with prices being above $90 since the May 7 reference point. The originating Kobeissi Letter X post matches these data points.
Summary
U.S. oil prices fell below $90 per barrel for the first time since May 7, extending a recent losing streak in the energy market. The source does not provide a specific settlement price, a reason for the decline, or details on the contract month, but the drop below the $90 threshold signals a notable move in a widely watched benchmark.
Terms & Concepts
- Barrel: A standard unit of oil volume used in energy markets, equal to 42 U.S. gallons.
- Benchmark oil price: A widely followed reference price for crude oil used to track market direction and compare contracts.