Global oil prices closed the week with a modest decline, as markets responded to cautious optimism about a potential easing of tensions in the Middle East. Brent crude slipped 0.38% to $76.01 per barrel, while West Texas Intermediate fell 0.93% to $71.41. Commerzbank analyst Barbara Lambrecht noted that the risk premium baked into crude prices remains relatively low compared to the March-to-May period, suggesting markets are increasingly pricing in the possibility of de-escalation.
Oil Prices Slip on Middle East De-Escalation Hopes
