Brent crude records largest weekly decline since pandemic as geopolitical premium eases
Source Summary
Brent crude oil has posted its largest weekly drop since the COVID-19 pandemic as the geopolitical risk premium embedded in prices begins to unwind. The decline reflects easing tensions in oil markets previously elevated by conflict-related supply concerns.
Why it matters
Crude oil price movements directly affect global energy costs, inflation expectations, and investment returns across energy and related sectors.
