News
February 25, 2026
Oil prices rose slightly on Friday to close higher and secure their first weekly gain since January, supported by escalating tensions between Iran and the United States.
Brent crude settled at $71.76 a barrel, up 0.14%, while U.S. West Texas Intermediate (WTI) finished at $66.48 a barrel, up 0.12%. Both benchmarks gained more than 5% for the week after three consecutive weekly losses.
February 16, 2026
Oil prices closed slightly higher on Friday after data pointed to a broader slowdown in U.S. inflation, easing demand worries even as supply concerns persisted with OPEC+ leaning toward resuming production increases.
Brent crude futures rose 23 cents, or 0.3%, to settle at $67.75 a barrel, while U.S. West Texas Intermediate (WTI) gained 5 cents, or 0.08%, to $62.89. Both benchmarks still posted weekly losses following sharp declines of nearly 3% on Thursday. Brent ended the week down about 0.5%, while WTI fell roughly 1%.
February 10, 2026
Oil prices edged higher in early Friday trading, recovering from earlier losses. This shift was driven by traders' concerns that recent U.S.-Iran talks had failed to mitigate the risk of military conflict between the two nations. However, prices later retreated on optimism regarding the negotiations' eventual outcome.
Ahead of Friday's nuclear discussions, Tehran indicated the process would likely be lengthy, dampening hopes for a swift and sustained de-escalation of tensions in the critical oil-producing region.
Brent crude futures settled at $68.05 per barrel, gaining 50 cents (0.74%). U.S. West Texas Intermediate (WTI) crude closed at $63.55 per barrel, up 26 cents (0.41%).
December 22, 2025
Oil prices rose on Friday amid concerns that the United States could disrupt Venezuelan tanker supplies, but fell for a second consecutive week on growing speculation about an oversupply.
Brent futures climbed 1.1% to settle at $60.47 per barrel, while U.S. West Texas Intermediate (WTI) crude rose 0.93% to $56.52. Despite Friday’s gains, both benchmarks were down about 1% for the week, following losses of roughly 4% last week.
December 8, 2025
Oil prices climbed nearly 1% on Friday to their highest level in two weeks, supported by growing expectations of a U.S. Federal Reserve rate cut next week and by ongoing tensions in Ukraine and the Caribbean and geopolitical uncertainty that could tighten supply from Russia and Venezuela.
Brent futures rose 0.8% to settle at $63.75 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.7% to close at $60.08.
November 23, 2025
Oil prices slipped about 1% on Friday to a one-month low, weighed down by reports that Ukrainian President Volodymyr Zelensky has agreed to work with Washington on a peace plan with Russia. At the same time, ongoing uncertainty over U.S. interest rates has further dampened investor risk appetite.
Brent futures dropped 1.3%, to settle at $62.56 per barrel, while U.S. West Texas Intermediate (WTI) crude fell 1.6%, to $58.06. Both benchmarks declined roughly 3% for the week, marking their lowest settlement levels since October 21.
November 16, 2025
Oil prices ended more than 2% higher on Friday as markets reacted to renewed Ukrainian drone attacks on Russia’s energy infrastructure.
Brent crude futures climbed $1.38 to settle at $64.39 a barrel, while U.S. West Texas Intermediate (WTI) finished $1.40 higher, at $60.09. For the week, Brent gained 1.2%, and WTI recorded an increase of about 0.6%.
November 2, 2025
Although oil prices edged up slightly on Friday, but weak factory activity in China, a stronger U.S. dollar, U.S. denials of an attack on Venezuela, and reports that OPEC+ plans to add more barrels to production in December all combined to push oil prices lower for the third consecutive month.
Brent crude futures settled at $64.77 per barrel, up 0.62%, while U.S. West Texas Intermediate crude ended Friday’s session at $60.98 per barrel, up 0.68%.
October 19, 2025
Oil prices posted modest gains on Friday but were on track for a weekly loss of nearly 3%, after the IEA projected a growing supply glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed to hold another meeting to discuss Ukraine. Brent crude futures settled at $61.29 a barrel, up 23 0.38%. U.S. West Texas Intermediate(WTI) futures finished at $57.54 a barrel, up 0.14%.