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Oil Prices Slide 4% as WTI Falls to $99.73, Spot Gold Surges Nearly $30 Today

GateNews

Commodities Metals

2026-05-20 14:31:34

According to Gate data, oil prices fell sharply today, with WTI crude futures down 4.25% to $99.73 per barrel and Brent crude down 4.05% to $106.77 per barrel. Domestic crude oil contracts also declined, with low-sulfur fuel oil (LU) falling 4% to 5,007 yuan per ton and Shanghai crude (SC) down over 3%.

Spot gold moved in the opposite direction, surging nearly $30 to reach $4,502.89 per ounce.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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WTI Crude Falls to $104.98, Brent to $104.76 on May 20

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