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Crude Check: Oil futures at a crucial level

Crude oil prices decline sharply; support levels tested as analysts predict potential further downturn or cautious recovery.

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tass.com

thehindubusinessline.com

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AI · summaries

tass.com1 g fa

Brent crude drops below $90 per barrel on ICE for first time since April 17

WTI crude oil futures for July 2026 delivery fell by 2.16% to $86.98 per barrel

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thehindubusinessline.com1 g 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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Timeline cronologica

giovedì 28 maggio 2026·tass.com
Brent price drop below $93/barrel on ICE
WTI futures with the settlement in July lost 0.1% to $88.62 per barrel
venerdì 29 maggio 2026·thehindubusinessline.com
Crude oil falls slightly on reports of potential US-Iran ceasefire deal
Oil futures fell slightly on hopes for a potential deal to extend a U.S.-Iran ceasefire, although remarks from Vice President JD ‌Vance that the nations were “close” to reaching…

Brent crude drops below $90 per barrel on ICE for first time since April 17

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

Timeline cronologica

Brent price drop below $93/barrel on ICE

Crude oil falls slightly on reports of potential US-Iran ceasefire deal

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

Brent crude drops below $90 per barrel on ICE for first time since April 17

Crude Check: Oil futures at a crucial level