Brent up 0.70% to $108.38/bbl, WTI +0.70%; USD/CNY rose 0.27% to 6.7161 — a 3-week high; EUR/USD dipped to 1.1613, USD/JPY climbed to 154.53 — signaling tightening USD liquidity and elevated geopolitical risk premium.

Brent at $95.51/bbl (−0.12%), WTI at $91.14/bbl (+0.15%), spread tightens to $4.37/bbl—the narrowest in three weeks; USD/JPY plunges 2.03% to 155.45, signaling a temporary retreat in risk aversion. Fuel oil front-month rises 0.93% to ¥3,900/t, indicating resilient bunker demand in Asia despite macro shifts.

Brent-WTI spread narrowed to $4.77/bbl, and USD/CNY rose marginally by +0.04%, indicating geopolitical risk premium retreated to $1.82/bbl from recent highs; fuel oil surged +5.64% — its strongest one-day gain in three weeks — yet the rally failed to cascade into downstream products beyond asphalt, signaling a shift from sentiment-driven to fundamentals-based repricing.