Global Crude Oil Prices Rebound After Three‑Week Low

After a sharp decline that pushed Brent crude to $81.62 per barrel and West Texas Intermediate (WTI) to $77.54 per barrel – the lowest levels in three weeks – the market reversed course. Within a day, Brent rose 1.62% to $85.13 and WTI climbed 1.24% to $81.33 as buying pressure increased.

Analysts linked the earlier drop to U.S. President Donald Trump's announcement that a potential military strike against Iran was being postponed, which eased geopolitical tension. They warn that ongoing shifts in global supply‑demand balances and further geopolitical developments could keep oil prices volatile.