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Oil settled higher on Friday for a second straight week of gains, with Brent at $65.41 and WTI at $62.49. Prices were supported by easing trade tensions while supply hike pressure remained.
Modest crude gains raise diesel and freight costs slightly, though supply hike pressure limits the upside.
reuters.comArathy SomasekharMay 16, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
