Oil prices fell today, Friday, May 29, 2026, amid continued volatility in global markets amid concerns about slowing demand and increased supply. We review the latest Brent and WTI prices and changes compared to yesterday.
Oil Prices Today — Friday, May 29, 2026
Brent crude futures settled at $92.60 per barrel, down $1.11 (-1.18%) from yesterday’s close. Meanwhile, West Texas Intermediate (WTI) crude fell to $87.54 per barrel, down $1.36 (-1.53%).
Price Table
| Crude | Price (USD) | Change | Percentage |
|---|---|---|---|
| Brent Crude | 92.60 | -1.11 | -1.18% |
| WTI Crude | 87.54 | -1.36 | -1.53% |
| Murban Crude | 92.50 | -1.59 | -1.69% |
Last update: May 29, 2026 — 10:00 AM Saudi Time
Reasons for Today’s Decline
- Demand Concerns: Weaker-than-expected economic data from China and Europe impacted oil demand forecasts.
- Increased Production: Reports of some OPEC+ countries exceeding their production quotas.
- Strong Dollar: A stronger U.S. dollar is pressuring dollar-denominated commodities.
- U.S. Inventories: Unexpected data showing an increase in U.S. oil inventories.
Impact on Fuel Prices in Saudi Arabia
Gasoline prices in Saudi Arabia are linked to global oil prices through Aramco’s monthly pricing mechanism. Any decline in crude oil prices could positively reflect on gasoline prices in the coming weeks.
Current fuel prices at Saudi stations:
- Gasoline 91: 2.18 SAR/liter
- Gasoline 95: 2.33 SAR/liter
- Diesel: 1.69 SAR/liter
Note: Current prices are valid until the end of May 2026 and may change with the next announcement.
For the new month.
Analysts’ expectations for the coming period
Analysts expect oil prices to fluctuate in the coming weeks due to:
- OPEC+ upcoming decisions on production adjustments
- The summer season and increased global demand for fuel
- Geopolitical developments in the Middle East
Follow toly.today for the latest oil price news and daily updates.
