Brent calendar 2026 on sale for $40.0/b (in 2008-dollar)

A great bearish week last week for the world’s oil consumers.

Brent fell 4. 1% and closed the week at $61.

12/b and not too far from the low of the week at $60.

77/b.

Continued Russia/Ukraine peace negotiations helped to keep a bearish tone in the market.

Renewed bearish outlook for 2026 by the IEA which basically stated.