WTI and Brent Crude Fall on May 29, According to Bitget Data

According to Bitget and Gate data, Brent crude fell to about $89.8-$90.55 and WTI dropped below $89, with both major oil benchmarks posting notable session declines.

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Summary

Bitget and Gate data both showed broad weakness in oil prices on May 29. According to Bitget, WTI crude fell below $89 per barrel, down 2.27% on the day, while Brent crude traded at $89.8, down 2.8%. Gate data also showed Brent crude at $90.55, down more than 2.00%, and WTI crude down 1.8% intraday. Together, the reports indicate a broad pullback in the two leading crude oil benchmarks during the session, with some variation in quoted prices and percentage declines across data sources.

Terms & Concepts
  • Brent crude: A major global oil benchmark based on North Sea crude, commonly used to price international oil shipments.
  • WTI crude: West Texas Intermediate, a major U.S. oil benchmark widely used to price crude in energy markets.
  • Benchmark: A reference price used by markets to track and compare the value of a commodity such as crude oil.