What was the closing price of Dated Brent crude oil on Friday, May 15, 2026, and how did it change week-over-week?

Dated Brent crude oil closed at $112.20 per barrel on Friday, May 15, 2026, representing a weekly increase of 7.1% from $104.72 per barrel the previous Friday.

What key geopolitical factor contributed to the rise in crude oil prices during the week ended May 15, 2026?

The rally in crude oil prices was driven by fading hopes for an imminent reopening of the Strait of Hormuz, a critical global oil transit chokepoint, which heightened supply concerns and supported upward price momentum.

Price trends: Monday, May 18, 2026

May 19, 2026

Crude oil prices rallied during the week ended May 15 amid fading hopes for Strait of Hormuz reopening. Dated Brent closed at $112.20/bbl, up 7.1% weekly according to Platts assessments.

chemweek

2026-05-19

Price trends: Monday, May 18, 2026

2026-08-04

Price Trends: Monday, August 3, 2026

2026-08-25

Price Trends: Monday, August 24, 2026

Price trends: Monday, May 18, 2026

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