US oil prices (West Texas Intermediate) recorded a significant decline at the opening of Monday, May 5, 2025, with trading beginning significantly lower than Friday's close, in what is known as a bearish price gap.

This decline stems from several factors, most notably reports that some OPEC+ members intend to increase production starting in May, raising concerns about a supply glut in the markets. Weak economic data from China, particularly in the manufacturing and energy demand sectors, also contributed to increased pressure on oil prices.