Oil Price Slips as Geo-Political Risks Ease and Supply Concerns Diminish – Brent at ~$68, WTI Near $64 Reflect Ongoing Market Balance Uncertainties and Demand Pressures 05-02-2026
Global oil price benchmarks Brent and WTI eased on February 5, 2026 amid improved US-Iran talks and steady OPEC+ policy, as supply/demand dynamics and investor sentiment shift.