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WTI crude oil continues to decline in the short term, now at $89.05 per barrel, down 2.21%

2026-05-29 15:11

According to Gate data, WTI crude oil continues to decline in the short term, now at $89.05 per barrel, down 2.21%; Brent crude oil is currently down 2.5%. U.S. Treasuries continue to rally, and the U.S. dollar index DXY fell to an intraday low, now at 98.8. Spot gold surged in the short term, touching $4,560 per ounce, up 1.43% on the day. New York gold futures stood above $4,600 per ounce, up 1.49% on the day.

Earlier, Trump stated that Iran must agree to never possess nuclear weapons. The Strait of Hormuz must be opened immediately for two-way traffic without any tolls. All naval mines must be cleared.