Back to today’s briefing

Story perspectives

U.S. Brent Crude Slides 20% in May, Record Gasoline Sales

5/29/2026

50 5 Full Breakdown

Summary

Story summary

U.S. Brent crude fell nearly 20% in May, the biggest monthly drop since 2020.
U.S. gasoline fell 17 cents to $4.39 per gallon, still 47% above pre-war levels.
Costco logged record gasoline volumes in the five weeks ending May 10.
President Donald Trump posted about a final Iran peace decision, nudging oil lower.
Exxon Mobil’s Neil Chapman warned inventories could lift crude to $150 per barrel.

1 of 1

Story summary

U.S. Brent crude fell nearly 20% in May, the biggest monthly drop since 2020.
U.S. gasoline fell 17 cents to $4.39 per gallon, still 47% above pre-war levels.
Costco logged record gasoline volumes in the five weeks ending May 10.
President Donald Trump posted about a final Iran peace decision, nudging oil lower.
Exxon Mobil’s Neil Chapman warned inventories could lift crude to $150 per barrel.