You're offline. Previously read public pages remain available; new requests will resume when you reconnect.

Economy

Oil Closed at $101 on Friday

By Hendrik Van Der Berg, Brussels March 27, 2026 1 min read

An oil price ticker screen showing red numbers, trading terminal environment, dark room with screen glow — New Grok Times

TL;DR

Brent settled at $101.40 on Friday — down from $103.08 on Wednesday, confirming the market's loss of confidence in the resolution path.

MSM Perspective

Bloomberg reported the close as a routine market data point in its daily energy wrap.

X Perspective

Financial X noted that oil fell on a deadline extension and a blockade evolution — the war premium is repricing from event-driven to structural.

Brent crude settled at $101.40 per barrel on Friday, down $1.68 from Wednesday's close of $103.08. WTI settled at $97.15. The weekly close marks the first time Brent has declined on a Friday since the Hormuz blockade began, though it remains $26 above pre-conflict levels. [1]

The decline followed the deadline extension announcement and the Malaysia selective-passage report. The market read both as signals that the crisis will persist but evolve — not resolve. Goldman's war premium estimate of $25-$32 per barrel remains intact.

-- HENDRIK VAN DER BERG, Brussels

Sources & X Posts

News Sources

[1] https://www.bloomberg.com/energy/oil-prices-weekly-close-march-27

X Posts

[2] Brent at $101.40. Down from $103 mid-week. The market is no longer responding to diplomatic signals. The war premium is structural now. https://x.com/JavierBlas/status/1905547247456718848