Emerging
May 28, 20261
50%
Brent Crude Oil Falls Below $93 Per Barrel on ICE Trading
Brent crude oil futures dropped below $93 per barrel on ICE trading on May 28, the lowest level since April 20, before recovering to $93.99 by session's end. WTI futures also declined slightly to $88.62 per barrel.
Quick Facts
Who
ICE (Intercontinental Exchange)
What
Brent oil futures fell below $93 per barrel
When
May 28, 2026
Where
London-based ICE Futures exchange
- Brent oil futures fell below $93 per barrel
- Brent prices declined 1.79%
- Brent futures recovered to $93.99
- WTI futures declined 0.1%
- ICE (Intercontinental Exchange)
Brent oil futures with July 2026 delivery fell below $93 per barrel on the London-based ICE Futures exchange on May 28, marking the lowest level since April 20, 2026. The decline saw Brent prices drop 1.79% to $92.60 per barrel during intraday trading. However, prices recovered partially later in the session, with Brent futures climbing to $93.99 per barrel, representing a net decline of 0.32% on the day. Meanwhile, WTI futures contracts for July settlement also declined, losing 0.1% to close at $88.62 per barrel. The dip below the $93 threshold reflects broader weakness in crude oil markets and marks a notable pullback from recent price levels.
Topics
Why This Matters
Oil price movements significantly impact global energy costs, inflation expectations, and investment portfolios. A drop below the $93 mark signals potential oversupply concerns or weakening demand, which could influence fuel prices at the pump, heating costs, and energy-related equity valuations. Traders and investors closely monitor these breaches of key support levels as indicators of broader market sentiment and macroeconomic trends.
Timeline & Sources
Apr 20, 2026
WirePrevious low point for Brent oil (before May 28 dip)
May 28, 2026
WireBrent oil futures fell below $93 per barrel to $92.60, a 1.79% decline
May 28, 2026
WireBrent futures recovered to $93.99 per barrel by session end; WTI futures at $88.62