# Oil price in record one-month gains | Khaleej Times

> WTI crude for July delivery settled at $35.49 on May 29, finishing May with a record monthly gain of about 88%. Brent July closed at $35.33. Easing lockdowns and OPEC+ output cuts were cited as drivers.

- Date: 2020-05-31 · published 2020-05-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53302-oil-price-in-record-one-month-gains-khaleej-times
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A record monthly rally reflects tighter supply and recovering demand, raising energy costs for feed transport and biofuel feedstock economics.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- khaleejtimes.com: https://www.khaleejtimes.com/business/oil-price-in-record-one-month-gains

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.