Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil prices moved lower on May 13 after three days of gains as investors waited for updates on a fragile Iran ceasefire and a meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing. Markets remain sensitive to supply risks linked to the Strait of Hormuz. Gas prices in Europe stayed stable as traders assessed LNG shipments and storage levels. Inflation, interest rates, and stockpile data also shaped expectations for demand, supply, and price direction across global energy markets.
