Oil Suffers Biggest Monthly Drop Since 2020

WSJ Minute Briefing

The Wall Street Journal

News, Business News

4.1 • 671 Ratings

🗓️ 29 May 2026

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Prospects for a peace deal with Iran lift U.S. stocks to new records. Plus: Dell shares skyrocket as demand grows for its AI products. Replimune's stock jumps after securing a path to resubmit its advanced melanoma treatment application. Alexis Green hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Isn't home where we all want to be?
0:01.9	Reba here for Realtor.com, the pro's number one most trusted app.
0:06.2	Finding a home is like dating.
0:08.0	You're searching for the one.
0:10.0	With over 500,000 new listings every month, you can find the one today.
0:15.3	Download the realtor.com app because you're nearly home.
0:18.9	Make it real with Realtor.com.
0:22.0	Pro's number one most trusted app based on August 2025 proprietary survey. Over 500,000 new
0:25.8	listings every month based on average new for sale and rental listings, July 24 to June 2025.
0:33.1	Here's your closing bell brief for Friday, May 29th. I'm Alexis Green for the Wall Street Journal.
0:38.7	U.S. stocks rose to new records today. The NASDAQ and S&P 500 rose 0.2%, while the Dow gained 0.7%,
0:45.8	crossing 51,000 for the first time. Fresh comments from President Trump this morning gave investors
0:51.6	hope about an Iran-peace deal. Oil extended its decline on the news.
0:56.1	Brent crude futures slipped to finish their worst month since March 2020. Among individual companies,
1:02.1	Dell shares rocketed 33% after the tech company raised its full year outlook and said first quarter
1:07.9	sales jumped amid high demand for its AI products.
1:16.3	Other computing stocks also soared, including Hewlett-Packard Enterprise, up 13%. Meanwhile, Gap plummeted 15%.
1:19.3	The apparel retailer cut its full-year revenue outlook and reported slowing sales at Old Navy.
1:25.3	American Eagle Outfitters dropped nearly 12% after the retailer said
1:29.0	its core brand segment sales fell in the first quarter. Shares of RepLimune were up 86%
1:35.2	after the biotech company said it reached an agreement with regulators to resubmit its
1:40.0	application for an experimental treatment for advanced melanoma. And Octa shares closed up 30% after the software company, which specializes in ID management,
	...

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