[73278] Sharp drop in oil prices: U.S. Treasury Secretary reports a plunge of about 10% in May
[73278] Sharp drop in oil prices: U.S. Treasury Secretary reports a plunge of about 10% in May
U.S. Treasury Secretary Scott Bessent announced that global oil prices recorded a significant decline of about ten percent during the month of May.
10% drop in oil prices during the month of May
According to reports that appeared on the news channels Hadashot 360 | All The News and 🎗️Israel News IL🎗️, the Treasury Secretary of the United States, Scott Bessent, updated that global oil prices fell by about 10% during the month of May 2026.
In the report by Hadashot 360 | All The News it was noted that Secretary Bessent chose not to detail the specific factors that led to this decline, but emphasized that the figure reflects "market dynamics in the face of the current international situation."
🎗️Israel News IL🎗️ channel, which is identified with right-wing and conservative positions, conveyed the report briefly as a significant economic figure, in line with the channel's editorial line which often emphasizes the strength of the American economy and its impact on the global market.