Commodities Performance in May 2026: Cocoa Rises While Oil Prices Drop Sharply
In May 2026, ICE cocoa futures were the only commodity to gain over 10%, while oil prices fell sharply due to a continued ceasefire and hopes of an Iran-US settlement. WTI crude oil dropped by 11.88% on NYMEX, with Brent crude also declining by nearly 12%. The dollar index rose by 0.95%, impacting commodity markets.
Topics: Brent crude crude oil futures gasoline heating oil oil WTI