Oil prices fell sharply on Friday to hit a one-month low and were on track for a sharp monthly loss as signs of easing U.S.-Iran tensions raised hopes of smoother oil flows through the Strait of Hormuz.
Brent crude futures fell below $92 a barrel and were down nearly 19 percent so far in May, marking their biggest monthly decline since 2020. WTI crude futures traded below $88 a barrel and were down more than 9 percent so far this week.
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Oil Headed For Monthly Loss On US-Iran Peace Deal Hopes
2026-05-29 09:20:40
