← Latest news 
Brent Crude Drops Below 114 as escort plans ease supply panic and brokerages reset forecasts
Economy
Published on 5 May 2026
A new escort push helped prices cool faster than expected
Global oil markets saw a brief cooling move as Brent crude slipped to around $113.93 per barrel, retreating from multi-month highs. WTI also eased to about $104.87, down nearly 1.5%. The pullback is linked to easing supply fears after “Project Freedom” escort developments, prompting brokerages to reassess near-term price pressure and potential India impact.
- Brent fell to about $113.93, easing from recent peaks
- WTI dropped nearly 1.5% to around $104.87
- “Project Freedom” escort signals calmer supply conditions
- Brokerages appear to be updating forecasts amid the shift
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic