Mohammad Javad Darestani
September 15, 2025
Oil prices rose in the week ending September 12 amid Israel’s attack on Qatar and Ukraine’s drone strike on Russia. However, concerns over U.S. demand limited the increase.
Brent crude futures settled at $66.99 per barrel, rising 0.93%. U.S. West Texas Intermediate (WTI) crude closed at $62.69 per barrel, up 0.51% on Friday.
August 31, 2025
Oil prices fell on Friday as traders focused on weaker demand, particularly in the United States — the world’s largest oil market — and on the prospect of rising inventories this fall amid increased supply from OPEC+.
Brent crude futures fell by 0.74% to $67.48 per barrel. Meanwhile, West Texas Intermediate (WTI) crude futures ended the session at $64.01 per barrel, down 0.91%.
August 11, 2025
Oil prices recorded their sharpest weekly drop since late June amid concerns over a tariff-hit economic outlook. Brent crude futures settled 0.2% higher at $66.59 a barrel, while U.S. West Texas Intermediate (WTI) crude was unchanged at $63.88 on Friday. For the week, Brent declined 4.4%, and WTI ended 5.1% lower than last Friday’s close.
July 27, 2025
Optimism about trade talks and news about the potential for more oil supply from Venezuela moderated oil prices and prevented them from rising.
Brent crude futures were down 1.07%, at $68.44 a barrel while West Texas Intermediate(WTI) crude futures were down 1.32%, at $65.16 on Friday. Brent was heading for a 1.4% weekly loss at that level, while WTI was down around 1.7% from where it closed last week.
July 14, 2025
Oil prices rose on Friday while U.S. tariffs and potential additional sanctions on Russia also drew attention.
Brent crude futures settled up $1.72 at $70.36 a barrel. U.S. West Texas Intermediate (WTI) crude climbed $1.88 to $68.45 a barrel. Both benchmarks gained about 3% for the week.
June 29, 2025
Oil prices declined over the week following the announcement of a ceasefire between Iran and Israel and news of an OPEC+ production increase; however, a drop in U.S. oil inventories provided some support to prices.
On friday brent crude futures settled at $67.77 a barrel, up 4 cents, while U.S. West Texas Intermediate crude rose 28 cents, to close at $65.52 a barrel. Both benchmarks saw a price drop of approximately 15% over the week.
June 10, 2025
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June 2, 2025
Oil prices fell on Friday as traders anticipated that OPEC+ would decide to increase oil production in July beyond earlier expectations during its meeting on Saturday. Brent crude futures settled down 0.9% at $62.78 a barrel, while U.S. West Texas Intermediate(WTI) crude finished down 0.25% at $60.79 a barrel.
May 28, 2025
Oil prices rose on friday. Brent crude futures settled at $64.78 per barrel, up 34 cents, while U.S. West Texas Intermediate (WTI) crude futures ended at $61.53, also up 33 cents.