Brent crude falls 1% to $94.67/bbl

The slide in Brent underscores how fragile the current supply-demand balance is, with macroeconomic headwinds now weighing more heavily on sentiment than any immediate supply-side tightness. For energy traders and macro desks, this is a signal that the recent volatility is not just noise but a repricing of risk as growth fears resurface. The key question is whether this marks the start of a sustained correction or merely a short-term dip within a broader range. Watching how physical buyers respond at these levels will be telling.