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Watch · Wed 6 May 2026

Global oil prices fell

Brent oil spot went from 114.51 to 103.7 USD per barrel on 6 May (-$10.81/bbl, -9.4%).

Price
103.7 USD per barrel
Change
-$10.81/bbl, -9.4%
Date
Wed 6 May 2026
Source
FRED (Federal Reserve Bank of St. Louis)

Brent oil spot, last 6 months

USD per barrel

What it means

Global oil prices (Brent) dropped — relief for fuel costs worldwide.

Written in advance by Monetario, the same for every similar move. The numbers come from the data below.

Was this clear?

The data behind it

Brent oil spot went from 114.51 to 103.7 USD per barrel on 6 May (-$10.81/bbl, -9.4%).

Source: FRED (Federal Reserve Bank of St. Louis) · updated 18 Oct 2026, 14:00 UTC

Educational information, not investment advice.

Earlier moves

Who it affects

  • Energy

    Usually hurts

    Each barrel they sell brings in less.

    Refiners, which buy crude oil to make fuel, can gain from cheaper oil.

  • Materials

    Usually helps

    Chemical makers pay less for the oil and gas they use as raw material and fuel.

  • Industrials

    Usually helps

    Shipping goods and running factories costs less.

    Companies that sell equipment to oil drillers get fewer orders.

  • Consumer discretionary

    Usually helps

    Cheaper fuel leaves households more to spend on extras and lowers shipping costs for companies.

  • Consumer staples

    Usually helps

    Cheaper oil lowers the cost of packaging and transport, leaving more profit on every product sold.