Oil Prices Set for Weekly Decline as Risk Premium Eases

Market Intelligence Analysis

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Why This Matters

Oil prices are expected to decline for the first time in four weeks due to eased tensions between the US and Iran, with Brent crude trading at $71 and WTI at $65.56 per barrel.

Market Impact

Market impact analysis based on bullish sentiment with 60% confidence.

Sentiment
Bullish
AI Confidence
60%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Crude oil prices were on course for their first weekly decline in four weeks as the United States and Iran signaled they were willing to continue negotiating instead of escalating to a hot war. At the time of writing, Brent crude was trading at $71 per barrel, with West Texas Intermediate at $65.56 per barrel, after three weeks of gains. Brent crude has gained more than $3 per barrel over the past four weeks, and WTI is also up by some $3 per barrel. “Traders are in wait-and-see mode heading into the weekend with Iran tensions mounting on…

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Original article published by OilPrice.com on February 27, 2026.
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