BUSINESSNY POST
Gas prices sink as oil set for 20% drop — largest one-month decline since 2020
Gas prices are decreasing as oil is expected to drop 20% in May, the largest one-month decline since 2020, driven by investor optimism about an impending ceasefire deal to end the Iran war.
Mentioned
Related Signal
Adjacent reporting
- Oil prices tumble most since 2020 in May without hitting $200 a barrel. Here’s what’s next.
- Monthly oil prices set to dip as Iran war reaches stalemate
- Crude Falls on Optimism Over Iran Ceasefire Deal: Markets Wrap
- Iran ceasefire triggers biggest slump in oil price since Covid outbreak - but drivers warned pain at the pumps will go on
- Bitcoin approaches $82,000 as oil crashes 6% on fresh Iran peace deal hopes
- U.S. oil falls below $89 on report Iran agreement would restore Hormuz traffic in one month