Brent held firm near USD 65 as OPEC+ supply rose but risks tilted higher. HSFO weakened on shifting Saudi demand, while EU gas storage raised concerns. EUA prices stayed supported, and hedging is advised amid ongoing uncertainty.

This week, Brent struggled to recover as OPEC+ output rose and Iran deal talks added uncertainty. EUA prices gained on stronger risk appetite, EU ETS expansion, and speculative interest, while hedging is recommended amid persistent market volatility.

This week, oil prices rebounded despite rising OPEC+ output, supported by trade optimism and technical buying. HSFO remained relatively strong but faces summer downside risks, while EU gas markets tightened amid reduced LNG flows and the accelerating phase-out of Russian gas.