Oil Prices Tumbled Nearly 20% in May (The Biggest Drop Since 2020). Is it Time to Sell Your Oil Stocks?

Oil prices cooled off considerably in May. Brent oil, the global benchmark price, slumped nearly 20%, its biggest monthly decline since 2020. Crude prices fell amid optimism that the U.S. and Iran were closing in on a peace deal that would include a full reopening of the Strait of Hormuz. Here's a look at whether last month's slump in crude prices is a signal to sell your oil stocks.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool