Federal Reserve System (FED) officials seek more signs of falling inflation before cutting rates. However, that could keep interest rates higher for longer, affecting energy demand. International crude oil prices fell on May 20.

West Texas Intermediate (WTI) crude for June delivery decreased by US$0.26 (0.3%), reaching US$79.80/barrel on the New York Mercantile Exchange. Brent crude for July delivery declined by US$0.27 (0.3%), settling at US$83.71/barrel.