Oil prices today: Crude slips after three-day rally as markets track Iran ceasefire

May 13, 2026 - 09:00
Oil prices today: Crude slips after three-day rally as markets track Iran ceasefire

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Oil prices dipped Wednesday after a three-day rally, with traders watching the Iran conflict's ceasefire and the Trump-Xi summit. Despite a slight fall, crude remains above $100 a barrel due to ongoing supply fears. Analysts predict elevated prices for months, impacting global inflation and potentially delaying US interest rate cuts.

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