# WTI crude falls 3.3% to roughly $91.93 a barrel, while Brent crude slides 3.0% to $98.26.

*fintech · news · 2026-05-07 · Benzinga*

## Key points

- WTI and Brent crude oil prices dropped over 3% mid-Thursday, reaching three-week lows.
- Crude benchmarks have fallen more than 11% this week on hopes Iran will reopen Hormuz.
- The cloud observability company raised full-year guidance to $4.32B midpoint citing AI demand.
- Fastly Inc. shares plunged 38% after forecasting flat Q2 revenue and lower projected Q2 EPS.

**Companies:** Fastly Inc., Shake Shack Inc.
**Countries:** United States, Iran

[Read the full story on Benzinga](https://www.benzinga.com/markets/equities/26/05/52378659/nasdaq-100-record-highs-oil-slips-stocks-drift-iran-hormuz-deal-datadog-hr-block-planet-fitness-thursday)

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