Brent: Large monthly drop after Hormuz scare – UOB
Ni FXStreet Insights Team
Na-update: 4 May 2026
Sikat na Artikulo
UOB strategists note that Brent crude has just recorded its largest monthly percentage decline since December 2025, despite briefly spiking above USD 126/bbl on renewed Strait of Hormuz concerns.
UOB strategists note that Brent crude has just recorded its largest monthly percentage decline since December 2025, despite briefly spiking above USD 126/bbl on renewed Strait of Hormuz concerns. West Texas Intermediate (WTI) remains elevated on the week, and Oil has booked a second consecutive weekly gain, supported by geopolitical tensions and US policy rhetoric.
Prices retreat after sharp geopolitical spike
"Brent crude briefly surged past USD126/bbl handle on early trading session last Thu as stalled US-Iran talks raised doubts over the reopening of the Strait of Hormuz."
"Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports."
"Brent crude for nearest month delivery settled at USD114/bbl on 30 Apr before several of the developed markets (except US and UK) were away for a Labor Day holiday, down 3.4% viz its previous close."
"In Apr, Brent crude marked the largest one-month percentage decline since Dec 2025."
"WTI crude was near USD106/bbl, up 12% for the week."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa
