US crude eases 1% as traders weigh supply risks
May 5 (Reuters) - U.S. crude futures eased 1% in early Asian trade on Tuesday as the market gauged the impact of Iranian attacks on ships in the Strait of Hormuz and a fire at a UAE oil port.
U.S. West Texas Intermediate was at $105.36 a barrel, down $1.06, or 1%, by 2203 GMT, following a more than 4% gain in the previous session.
(Reporting by Anushree Mukherjee in Bengaluru; Editing by Nia Williams)
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This story was originally published May 4, 2026 at 5:27 PM.