The price of both West Texas Intermediate (WTI) and Brent crude oil has extended their losses, with WTI crude experiencing a sharp intraday drop of 13.17%.

BlockBeats News, May 6th, according to Bitget data, WTI Crude Oil fell below $90 per barrel for the first time since April 21st, with an intraday drop of 13.17%. Brent Crude Oil recorded a daily decline of 12.00% and is currently trading at $95.89 per barrel.