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

Economy MarketWatch By Isabel Wang 29 May 2026 18:02 1 min read
Oil prices tumble 20% in May — the biggest monthly drop since 2020. Here’s what’s next.

Global oil prices tumbled over 20% in May on hopes for the U.S.-Iran peace deal.

Global oil prices tumbled over 20% in May on hopes for the U.S.-Iran peace deal.

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