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Oil prices tumble over 20% in May, marking worst month since 2020

Brent crude fell nearly 19% in May 2026, the worst monthly drop since COVID-era 2020, as US-Iran ceasefire hopes eased supply fears. Here's how it hit crypto.

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cryptobriefing.comStai leggendo1 mesi fa

Oil prices tumble over 20% in May, marking worst month since 2020

Brent crude fell nearly 19% in May 2026, the worst monthly drop since COVID-era 2020, as US-Iran ceasefire hopes eased supply fears. Here's how it hit crypto.

originale

morningstar.com1 mesi fa

Oil prices tumble 20% in May - the biggest monthly drop since 2020. Here's what's next.

By Isabel Wang and Myra P. Saefong

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thehindubusinessline.com1 mesi fa

Crude oil set for 19% collapse in May as traders bet on truce renewal

Brent crude fell ~19% in May to ~$92/barrel after the US and Iran tentatively agreed to extend their ceasefire by 60 days, with Strait of Hormuz reopening conditional on unresolved sticking points (nuclear program, sanctions, mine clearance). Even if a truce holds, analysts warn supply recovery could take months and cost another 1 billion barrels, while US distillate stocks have hit 20-year lows — energy cost pressure on industrial and logistics budgets is not easing near-term.

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nbcnews.com1 mesi fa

Oil is set for its biggest monthly drop in 6 years, bringing consumers some relief

The average price of gas fell 17 cents since its peak earlier this month, but it’s still 47% higher than it was at the start of the Iran war.

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oilprice.com1 mesi fa

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.

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theguardian.com1 mesi fa

Oil price drops amid hopes of US-Iran peace deal

Commodity poised for one of biggest monthly declines, while global stock markets rally

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Timeline cronologica

1. giovedì 28 maggio 2026·cryptobriefing.com
   

   Oil prices rise as US and Iran exchange strikes, putting peace deal in doubt

   Brent crude surged over 2% to $98-$102 after US strikes on Iran torpedoed peace deal hopes. Bitcoin fell below $73K with $1B+ in liquidations.

2. venerdì 29 maggio 2026·thehindubusinessline.com
   

   Crude oil set for 19% collapse in May as traders bet on truce renewal

   Brent dropped toward $92 a barrel, down 19% this month, while West Texas Intermediate was below $88.

3. venerdì 29 maggio 2026·theguardian.com
   

   Oil price drops amid hopes of US-Iran peace deal

   Commodity poised for one of biggest monthly declines, while global stock markets rally

4. venerdì 29 maggio 2026·oilprice.com
   

   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.

5. venerdì 29 maggio 2026·nbcnews.com
   

   Oil is set for its biggest monthly drop in 6 years, bringing consumers some relief

   The average price of gas fell 17 cents since its peak earlier this month, but it’s still 47% higher than it was at the start of the Iran war.

6. venerdì 29 maggio 2026·morningstar.com
   

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

   By Isabel Wang and Myra P. Saefong

7. venerdì 29 maggio 2026·morningstar.com
   

   Oil prices tumble 20% in May - the biggest monthly drop since 2020. Here's what's next.

   By Isabel Wang and Myra P. Saefong

8. venerdì 29 maggio 2026·cryptobriefing.com
   

   Oil prices tumble over 20% in May, marking worst month since 2020

   Brent crude fell nearly 19% in May 2026, the worst monthly drop since COVID-era 2020, as US-Iran ceasefire hopes eased supply fears. Here's how it hit crypto.

9. lunedì 1 giugno 2026·cryptobriefing.com
   

   Oil prices rise as US and Iran escalate military strikes, dragging crypto markets lower

   US-Iran military strikes push Brent crude to $102 per barrel while Bitcoin falls below $73K with over $1B in crypto liquidations amid risk-off sentiment.