Yahoo Finance | EN590 Commodities

Crude Oil · 2026-05-13T11:02:28.000Z

LONDON, May 13 (Reuters) - Oil prices were little changed on Wednesday as investors monitored a fragile Middle East ceasefire and awaited a high-stakes summit in Beijing between U.S. President Donald Trump and China's ‌Xi Jinping. Brent crude futures were up 23 cents, or 0.2%, to $108.00 a barrel at 1043 GMT. U.S. West Texas ‌Intermediate futures were down 10 cents, or 0.1%, to $102.08. Both benchmarks have hovered around or above $100 per barrel since the U.S.-Israeli war on Iran began at the ​end of February after which Tehran effectively shut the vital Strait of Hormuz. "The market remains highly reactive to every update from the region, meaning sharp swings are likely to persist. Any further escalation or direct threat to supply flows could quickly revive strong upside momentum in both

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