WTI unlikely to hit $150 in May 2026 amid US exports, Hormuz easing
Bitcoin Ethereum News ## Market Snapshot WTI Crude Oil Prices in May 2026: The market currently reflects a scenario where WTI is unlikely to reach the $150 threshold. This is consistent with a decrease in WTI futures, suggesting reduced expectations of price spikes. ## Key Takeaways – Bessent‘s comments about futures market projections appear to suggest decreased likelihood of WTI reaching $150 in May. – Increased U.S. energy exports and possible easing of the Strait of Hormuz disruptions are consistent with lower oil price scenarios. – The market’s response to these developments appears consistent with a reduced probability of significant oil price increases. ## Article Body In a recent statement, Treasury‘s Bessent indicated that the futures market is predicting lower oil prices, which could impact the likelihood of WTI Crude Oil reaching the $150 mark this month. Bessent attributed this outlook to the current record levels of U.S. energy exports and potential changes in the Strait of Hormuz situation. The strategic chokepoint has seen limited shipping activity due to ongoing U.S.-Iran tensions, but any easing could further support lower oil prices. Bessent also commented on other geopolitical and domestic issues, including the Biden administration’s role in the Spirit Airlines situation and crediting former President Trump for