Brent crude oil prices saw sharp fluctuations, dropping byaround $10 per barrel in April and early May due toescalating US tariffs and larger-than-expected OPEC+supply increases, reaching a four-year low just above$60/bbl. However, the expectations of prices to fall eased followingthe announcement of a US-UK trade deal and the 90-daytrade accord with China, prompting a price rebound. Despite earlier weakness, the market showed signs ofrecovery, reflecting improved sentiment amid shiftinggeopolitical developments and supply adjustments.