Brent crude prices fell for a third consecutive session on Tuesday, marking the most significant multi-day decline since the market turmoil of early 2020.
The benchmark barrel has now recorded its largest percentage drop over a three-session period since April 2020, and its steepest dollar-denominated fall since March of that year.
The sell-off reflects a rapid unwinding of the supply risk premium that had propped up prices earlier in the year.
Crude oil markets are poised to record their largest quarterly price decline in six years, a sharp reversal from the historic supply crunch that dominated the first half of 2026.
The recent price action suggests that traders are increasingly discounting the likelihood of sustained physical disruptions to global supply chains.
This move follows a period of heightened volatility linked to geopolitical tensions in the Middle East.