Brent and WTI extend rally for a fifth day as Brent nears $92 a barrel

Crude extended a fifth straight gain with Brent nearing $92 as geopolitical risk around the Strait of Hormuz dominated pricing, amplifying perceived supply-disruption risk. This risk premium outweighed a surprise build in U.S. crude inventories, suggesting near-term oil pricing is being driven more by security-of-supply concerns than by immediate demand or stock data.