Brent crude slides 19% in May, biggest monthly drop since 2020
Brent slid to about $92, a 19% drop in May – the steepest monthly decline since 2020 – while WTI hovered near $87. The dip followed a tentative US‑Iran ceasefire extension, prompting hopes for smoother oil flows but leaving markets cautious, with analysts warning further downside if a formal deal stalls.