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Data from FRED. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Brent Crude Oil Price held to 116.73 Dollars per Barrel in May 2026
FREDDailyReleased May 2026
US Brent Crude Oil Price held to 116.73 Dollars per Barrel in May 2026.
Latest Release
116.730000
Actual
—
Consensus
116.730000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/USD | ▼ Inverse | −0.29 | FOREX | Bearish NZD | → View |
| EUR/USD | ▼ Inverse | −0.27 | FOREX | Bearish EUR | → View |
| GBP/USD | ▼ Inverse | −0.27 | FOREX | Bearish GBP | → View |
| USD/CHF | ▲ Direct | +0.26 | FOREX | Bullish USD | → View |
| USD/JPY | ▲ Direct | +0.25 | FOREX | Bullish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Brent Crude Oil Price (United States) was reported at 116.73 Dollars per Barrel in May 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 76.46 Dollars per Barrel, ranging from 59.93 Dollars per Barrel to 138.21 Dollars per Barrel across 248 releases. This is classified as a high-impact indicator released on a daily basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 113.87 Dollars per Barrel, up from the prior three at 109.25 Dollars per Barrel. Volatility over the past year (σ 18.66 Dollars per Barrel) is higher than the prior year (σ 5.87 Dollars per Barrel). In May readings over the past 3 years, Brent Crude Oil Price has averaged 80.61 Dollars per Barrel.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Chicago Fed National Activity Index (May 25) and Chicago Fed National Activity Index (May 26).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Brent Crude Oil Price - US
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About Brent Crude Oil Price — United States
DEFINITION
US Brent Crude Oil Price rose to 116.730000 USD in May, up from April’s 113.960000 USD, marking a clear upward trend. The increase from April to May reflects strengthening oil market conditions. Market participants will watch upcoming inventory data and OPEC signals for further direction. Updated 5/21/26
WHY THIS INDICATOR MATTERS
Energy-supply and inventory data shape commodity-curve positioning and feed through to headline inflation and consumer-discretionary spending. Surprises against consensus typically move rates and currencies on release. Released daily.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 116.7 Dollars per Barrel. Prior reading (May 2026): 114 Dollars per Barrel. Before that (May 2026): 110.9 Dollars per Barrel.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.