May 30, 2026
✦Economic Times
Oil prices tumble 11% for biggest weekly drop in 7 weeks. Where is liquid gold headed from here?
Oil prices dropped big time, falling 11% for the biggest weekly drop in seven weeks! This happened because people are hopeful about a peace deal between the US, Israel, and Iran, which eased worries about inflation. Even though things are still a bit unclear, analysts said "restoring normal shipping could take months."