Brent Crude posts record 19% monthly slump in May 2026 — NRG-IA

A Historic 19% Correction in the Futures Market — What Happened in May Brent oil prices fell by 19% in May amid intense negotiations between the U.S. and Iran. According to data monitored by OilPrice.com, the price of Brent crude recorded its worst monthly performance in six years, as investors anticipated a swift easing of economic sanctions imposed on Tehran. At the close of Friday's trading session, Brent crude futures flatlined around $93.84 per barrel, while the U.S. benchmark, WTI Crude, traded at $88.94 per barrel, down 0.12% on the day. This correction represents the steepest monthly decline registered on international markets since the historic crash of 2020 during the pandemic. While the beginning of May was marked by severe logistical tensions, the last two weeks brought a radical paradigm shift among traders, who began liquidating long positions in anticipation of a massive injection of Iranian crude into the global market. The White House Diplomatic Push and the Sanctions…