WTI Price Forecast: More gains look likely above $107 as Trump threatens military attacks on Iran
FXStreet
Last updated: May 20, 2026
Oil prices, specifically West Texas Intermediate (WTI) futures, are experiencing a decline, trading nearly 1.5% lower and approaching $101.80 during European trading on Wednesday. This drop occurs amidst ongoing uncertainty related to the reopening of economies and the potential for increased oil supply.
- Key Facts: WTI crude oil futures on NYMEX are trading down by approximately 1.5%.
- The price has fallen to near $101.80 per barrel.
- The decline is occurring during the European trading session on Wednesday.
- The market sentiment appears to be influenced by uncertainty surrounding economic reopenings.
- Potential increases in oil supply are also a contributing factor to the price drop.
- The exact reason for the oil price drop is linked to global economic factors and supply-demand dynamics.
- Analysts are closely monitoring the situation for further developments in oil pricing.
