Elena Nikulina

Rory Johnston: Crude prices fell by about $10 per barrel on weekend optimism

Rory Johnston: Crude prices fell by about $10 per barrel on weekend optimism
Crude prices drop, partial rebound follows

Rory Johnston highlighted that weekend crude prices on Hyperliquid experienced a decline of approximately $10 per barrel due to optimism following Saturday's negotiations.

According to Johnston, about half of this loss was recovered following a breakdown in sentiment, with prices currently down by about $5 per barrel. He noted that real crude markets were set to open shortly.

Johnston recently reported that Brent crude futures for December 2026, 2027, and 2028 hit crisis highs as inventories tightened. In a separate update, he explained that declining imports were tied to an earlier collapse in exports rather than weaker demand. Inventory drawdowns and rising prices have remained in focus over recent weeks.

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