# Oil Plunges in May but Fears of $150 Spike Loom

**Published:** 2026-05-30T00:03:00.000Z  
**Topic:** Stock Market Today  
**Sentiment:** bearish  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/6ba7c580-2f4c-496b-a242-d346b3ada6bf

Oil prices fell nearly 20% in May on hopes of a US-Iran peace deal, but analysts warn inventories are low and prices could spike above $150 soon.

Oil prices recorded their biggest one-month decline in

## Sources
1. Nbcnews — [Oil records biggest one-month drop in 6 years](https://www.nbcnews.com/business/energy/oil-monthly-drop-gas-prices-fall-rcna347518)
2. Australian Financial Review — [ASX falls 1.4pc in $45b wipeout after Mid-East escalation](https://www.afr.com/markets/equity-markets/asx-to-open-higher-oil-suffers-second-big-fall-20260528-p601e8)
3. Tradingeconomics — [Crude Oil - Price - Chart - Historical Data - News](https://tradingeconomics.com/commodity/crude-oil)

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Cite as: TrendWatcher, "Oil Plunges in May but Fears of $150 Spike Loom", https://www.trendwatcher.in/article/6ba7c580-2f4c-496b-a242-d346b3ada6bf