Brent crude futures fell 0.4% to $90.38 a barrel, retreating from a session high of $93.31.
West Texas Intermediate (WTI) benchmarks also declined, dropping 0.85% to $84.28 a barrel as selling pressure persisted across energy markets.
The pullback follows a period of elevated volatility, with Brent briefly testing the $93 level before buyers stepped back.
The pullback follows a period of elevated volatility, with Brent briefly testing the $93 level before buyers stepped back.
The move reflects a cautious stance among traders who are weighing near-term supply dynamics against broader macroeconomic signals.
Market participants are closely monitoring the interplay between geopolitical risk premiums and demand forecasts.
While the recent spike in prices highlighted sensitivity to supply-side concerns, the subsequent retreat suggests that immediate upside momentum has cooled.