Deutsche Bank notes Brent’s 11.5% two-day gain remains far from $110 levels that historically pressure equities and credit.
Brent crude surged 11.5% over two days to $84.73 per barrel, driven by geopolitical tensions and Gulf policy shifts. The rally peaked intraday above $87 before retreating after a U.S. policy reversal on Hormuz tariffs.
Despite the spike, Brent remains below its earlier-year highs, having traded above $100 for two months. Analysts note that past stress in equities and credit only emerged when Brent sustained $110 levels.
Investors largely dismissed the latest price move, focusing on broader economic signals rather than short-term oil volatility.