---
title: "Brent on Track for Largest Weekly Decline Since April 2020"
url: https://thecoingazette.com/brent-on-track-for-largest-weekly-decline-since-april-2020/
date: 2026-11-06
modified: 2026-11-06
lang: en
author: "Coin Gazette Editorial"
description: "The decline came as hopes for an end to the U.S.-Iran conflict unwound some of the risk premium in oil prices. UBS energy expert Dominic Ellis estimated nearly 700 million barrels had left global inventories."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
image: https://i0.wp.com/thecoingazette.com/wp-content/uploads/2026/05/logo-with-slogan-1.webp?w=1400&fit=1400,960&ssl=1
word_count: 35
---

# Brent on Track for Largest Weekly Decline Since April 2020

The decline came as hopes for an end to the U.S.-Iran conflict unwound some of the risk premium in oil prices. UBS energy expert Dominic Ellis estimated nearly 700 million barrels had left global inventories.