18/05/2026
Brent Crude Oil Price Today, May 16, 2026 — Oil Market Rebounds Above $109 As Weekly Rally Deepens
The global oil market ended the week with renewed momentum after Brent crude climbed back above the $109 per barrel
Brent crude oil price today May 16, 2026 rose above $109 per barrel after a powerful weekly rally driven by geopolitical tensions, inflation fears, and tightening global oil supply expectations. See full May 11–16 price analysis and next week forecast.