Brent crude ended the week around $62.4 per barrel, supported by escalating geopolitical pressure after the US intensified its blockade of Venezuelan oil exports and Ukraine struck key Russian refining infrastructure, though global oversupply expectations continued to cap gains.

Precious metals stayed in strong demand, with gold hovering near $4,500 per ounce after a record high on expectations of Fed rate cuts and sustained central bank buying.

In currency markets, the yuan strengthened following signals of a controlled appreciation strategy from China, as the euro and pound held firm on diverging ECB-Fed policy paths and the yen advanced on expectations of further Bank of Japan tightening despite softer inflation.

Take a look at today's analysis for more information!