📈 Crude Oil Prices Fall to Four-Year Low in May 2025

In May 2025, average monthly crude oil prices* dropped to $62.70 per barrel—the lowest level since February 2021, a span of 51 months. After a brief rebound in January (+8.1%), prices declined for four consecutive months, including a 4.8% fall in May. Crude oil is down 13.2% year-to-date and 23.0% from a year earlier.

* Average of West Texas Intermediate (WTI), Brent, and Dubai oil prices.