# Oil rises over 2% as investors weigh market outlook, tariffs, sanctions | Reuters

> Oil rose over 2% on Friday, with Brent settling up $1.72 at $70.36 and WTI up $1.88 at $68.45. The IEA said the market is tighter than it appears because of summer refinery runs, while investors weighed US tariffs and possible further Russia sanctions.

- Date: 2025-07-11 · published 2025-07-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/23939-oil-rises-over-2-as-investors-weigh-market-outlook-tariffs-sanctions-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

An IEA view of a tighter market plus sanction risk supports crude prices, raising energy and transport costs for feed buyers. The move is a routine weekly gain driven mostly by sentiment.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-recover-slightly-us-tariffs-opec-downgrade-weigh-2025-07-11/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.