Oil prices tumble most since 2020 in May without hitting $200 a barrel. Here's what's next.

Oil Prices Set to Slump 19% in May as Market Bets on U.S.-Iran Deal | OilPrice.com

Oil prices are on track for a 19% monthly drop in May, the steepest since 2020, as traders bet on a U.S.-Iran deal despite the Strait of Hormuz remaining blocked.