Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Oil Set for 19% Collapse in May as Traders Bet On Truce Renewal
Business & Finance

Oil Set for 19% Collapse in May as Traders Bet On Truce Renewal

Oil Set for 19% Collapse in May as Traders Bet On Truce Renewal
Bloomberg Markets Thursday 28 May 2026, 22:02 UTC By Nicholas Lua, Will Kubzansky 1 min read
Key Points

Pumpjacks near Three Rivers, Texas, US, on Sunday, March 1, 2026. Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz. Photographer: Eddie Seal/Bloomberg

Pumpjacks near Three Rivers, Texas, US, on Sunday, March 1, 2026. Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz. Photographer: Eddie Seal/Bloomberg
Iran (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

Warburg CEO Calls IPO Market ‘Broken’ Even Amid Giant Offerings

Bloomberg Markets 56m ago

'Partners and friends’: Trade and defence top of agenda at EU-South Korea summit

As security threats grow and geopolitics shift, the European Union and Republic of South Korea have celebrated a new Digital Trade Agreement at a summit in Brussels. European Commission President Ursula von der Leyen, European Council President Antonio Costa and with South Korean President Lee Jae-myung celebrated the signing of new a digital trade agreement at a ceremony in Brussels on Wednesday. The event marked the EU and South Korea's 11th summit, with everything from security and...

Euronews 59m ago

Trump signs $70 billion immigration funding bill after months of delay

President Donald Trump on Wednesday signed a $70 billion bill to fund immigration enforcement agencies through the end of his term. The package to fund Immigration and Customs Enforcement and Customs and Border Protection passed out of Congress in the last week after months of debate and delays amid Democratic concerns about overly aggressive immigration enforcement. At a signing ceremony in the Oval Office on Wednesday, Trump said the bill would "give the heroes of ICE and border patrol ......

CNBC 59m ago

Pay what you wish: the restaurant where customers can eat for free – if their conscience lets them

Ever since the Post Modern Times cafe in Minneapolis ditched its price list, half the customers have chosen not to pay. It’s still making a profitName: Pay what you wish. Popular since the 00s, but dating back to at least the 80s.

The Guardian Business 1h ago