Oil drilling rigs
Oil prices were mixed during Friday trading as markets weighed the ongoing US-imposed blockade on Iran against hopes for a resolution to the US-led war on Iran. 
Brent crude is on track for a 2.9% weekly decline after falling 16% the previous week. US crude is likewise heading for a 2.9% weekly drop following a 13% decline in the prior week.
The US Energy Information Administration (EIA) said on Thursday that US crude oil and fuel inventories rose last week amid weaker demand for refined products and a notable increase in oil imports.
Changes in Oil Futures Prices
Crude
Price (US$/barrel)
Change value (US$)
Change (%)
Brent
(January 2027 delivery)
95.79
(0.03)
—
NYMEX(December delivery)
88.38
(0.36)
(0.40%)
Oil drilling rigs
Oil prices were mixed during Friday trading as markets weighed the ongoing US-imposed blockade on Iran against hopes for a resolution to the US-led war on Iran.
Brent crude is on track for a 2.9% weekly decline after falling 16% the previous week. US crude is likewise heading for a 2.9% weekly drop following a 13% decline in the prior week.
The US Energy Information Administration (EIA) said on Thursday that US crude oil and fuel inventories rose last week amid weaker demand for refined products and a notable increase in oil imports.
Changes in Oil Futures Prices
Crude
Price (US$/barrel)
Change value (US$)
Change (%)
Brent
(January 2027 delivery)
95.79
(0.03)
—
NYMEX(December delivery)
88.38
(0.36)
(0.40%)
