Global crude oil benchmarks fell on Friday, reversing some of the sharp gains seen earlier in the week.
The sell-off comes as traders evaluate the evolving security situation in the Red Sea and position portfolios ahead of the weekend close.
Brent crude had surged past the $100 per barrel threshold on Thursday, driven by heightened geopolitical tensions and concerns over maritime security.
Brent crude had surged past the $100 per barrel threshold on Thursday, driven by heightened geopolitical tensions and concerns over maritime security.
However, momentum faded in Friday's session as market participants weighed the immediate risks against the potential for de-escalation.
WTI crude followed a similar trajectory, retreating from recent highs.
The volatility reflects a market caught between conflicting signals.