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Crude oil futures end lower on Wednesday

14 May 2026 Evaluate

Crude oil futures ended lower on Wednesday, as upcoming talks between the U.S. and Chinese presidents raised hopes of easing trade tensions and resolving the U.S.-Iran standoff. However, OPEC and the IEA warned of a possible supply-demand mismatch in their latest oil forecast reports.

Benchmark crude oil futures for June delivery declined by $1.14 or 1.16% to settle at $101.02 a barrel on the New York Mercantile Exchange. Brent crude for July delivery was down by $2.14 or 1.99% to settle at $105.63 a barrel on the New York Mercantile Exchange.