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Brent crude prices rose by more than 1% to $101.49 per barrel, marking the first gain in five sessions.
The case for this move rests on the simple fact that the benchmark stopped falling, but the risk is that a single session of recovery does not confirm a reversal in the broader trend.
The specific figure of $101.49 per barrel is the line to watch. It represents a tangible shift from the previous trading days where the price action was exclusively negative.
The five-session streak of losses created a specific dynamic in the market, and breaking that streak requires more than just a minor fluctuation.
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