Crude oil prices end winning run with first weekly fall in nearly a month. Can liquid gold slide further?
- Posted on August 29, 2026
- By Business News Today
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- 1 min read
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Crude oil prices end winning run with first weekly fall in nearly a month. Can liquid gold slide further?
Crude oil prices posted their first weekly decline in three weeks as improving flows through the Strait of Hormuz eased supply concerns. Brent fell over 5% for the week, while WTI declined more than 4%. However, prolonged shipping disruptions could push prices higher, with JPMorgan and Goldman Sachs flagging upside risks.
