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Brent crude oil price may crash to $58, rare chart pattern suggests | Hellenic Shipping News Worldwide Recent News New global assessment maps infrastructure pathways to scale sustainable maritime fuels Shipping: S&P Deals on the Rise Strategic Marine and Mainprize Offshore Sign Protocol of Delivery and Acceptance for MO15 and MO16 Vessels Union of Greek Shipowners Annual Report 2025–2026 Greek Shipping continues to be a World-Leading Force Chicago Fed National Activity Index Rebounds Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping Home Shipping News top stories Hellenic Shipping News International Shipping News Dry Bulk Market Piracy and Security News Shipping: Emission Possible Marine Insurance P&I Club News Port News Shipbuilding News Shipping Law News Interviews Events and Training Courses Sea Tourism and Yachting Recent Videos Mobile Applications and Social Media Commodities Commodity News Chinese iron ore and steelmaking prices Freight News Guide for Carriage of Hazardous Materials Ship Risk Profile Calculator Report / Analysis Weekly Dry Time Charter Estimates Weekly Tanker Time Charter Estimates Weekly Container Reports Index Weekly Vessel Valuations Report Daily Tanker Market Rates Daily Bunker Report Cheapest Bunker Port Matrix Monthly OceanScore Pool-Price Index Weekly Shipbrokers Reports Monthly Shipbrokers Reports Monthly Ship Auctions Weekly Demolition Reports Weekly Ship Sales Weekly Shipbuilding Reports Marine Engine Specifications Shipping Glossary Oil & Energy Oil & Companies News General Energy News Bunker Prices Worldwide World Economy World Economy News IMF/OECD News Stock Market News Stock News Stock Market Snapshot Daily Currencies Ratings Hellenic Shipping Companies Live Hellenic Shipping Stocks Live International Shipping Stocks Live Commodity Trade Markets Home / Oil & Energy / Oil & Companies News / Brent crude oil price may crash to $58, rare chart pattern suggests Brent crude oil price may crash to $58, rare chart pattern suggests in Oil & Companies News 27/05/2026 Brent crude oil price rose a bit on Tuesday as the US launched strikes against some Iranian targets and as Israel’s Benjamin Netanyahu urged the military to strike Hezbollah targets in Lebanon. It was trading at $95, a few points above this week’s low of $93.45, and a double-top pattern points to an eventual drop to $58. US strikes Iranian targets Brent and the WTI benchmarks rose slightly after the US launched attacks against some Iranian targets. In a statement, the US Central Command said that it hit some missile-launching sites and Iranian boats that were attempting to lay mines. At the same time, Benjamin Netanyahu, who has opposed any talks between the US and Iran, ordered his military to intensify attacks against Hezbollah. This is important because Iran has insisted that any deal with the United States will also cover Lebanon. A key risk for the ongoing US-Iran

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