Brent Crude Climbs Past Sixty One Dollars as Black Sea Risks Escalate

A Fragile Risk Floor

After three consecutive years of annual declines—the longest streak on record—Brent is attempting to find a floor above $60. The current geopolitical friction is providing the necessary catalyst for a technical bounce, though weak global demand remains a significant headwind.

Refining Stress

Refiners in Europe are paying higher premiums for prompt-delivery barrels as logistical risks in the Black Sea and Caribbean disrupt traditional flows of both light and heavy crude grades.