Oil
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.
May 19, 2025
Oil settled higher, marking a second consecutive weekly gain amid easing U.S.-China trade tensions. However, expectations of increased supply from Iran and OPEC+ capped further price gains.
Brent crude futures settled up 88 cents, at $65.41 per barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 87 cents, to close at $62.49. The benchmarks recorded weekly gains of 1% and 2.4%, respectively on friday.
May 5, 2025
Ahead of the OPEC+ meeting, oil prices recorded their largest weekly decline in a month. Brent crude futures settled at $61.29 a barrel while U.S. West Texas Intermediate (WTI) crude futures settled at $58.29 a barrel on friday.
January 19, 2025
Although #oil prices declined on the last day of the week, they recorded growth for the fourth consecutive week, driven by relatively optimistic #economic data from #China, as well as rising expectations of oil supply disruptions following U.S. sanctions on Russia's crude oil trade.
December 8, 2024
Oil prices declined due to concerns over a supply glut and reduced demand next year, despite the extension of OPEC+ production cuts.
November 11, 2024
Although oil prices ended the week on an upward trend, they experienced a noticeable decline on Friday due to reduced concerns about the impact of Hurricane Rafael on oil and gas infrastructure in the U.S.