# Oil posts weekly gain but remains under supply hike pressure

> 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.

- Date: 2025-05-16 · published 2025-05-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/24841-oil-posts-weekly-gain-but-remains-under-supply-hike-pressure
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Modest crude gains raise diesel and freight costs slightly, though supply hike pressure limits the upside.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-prices-heading-1-weekly-gain-us-china-trade-detente-2025-05-16/

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