The market's focus has shifted toward the Middle East
U.S. data showed the world's largest economy grew at its fastest pace in two years
The U.S. economy grew faster than expected
U.S. West Texas Intermediate crude rose by $1.29, or 2.3%, to $57.81 a barrel
the United States is not concerned about an escalation with Russia
Brent crude was up 36 cents, or 0.6%, to $60.04
Venezuela's oil exports have fallen sharply
Oil's early Friday gains came amid bargain-hunting buying
Prices had marginally pared losses earlier
Putin is set to start a two-day visit to India starting on Thursday
U.S. West Texas Intermediate crude futures were up 45 cents, or 0.8%, at $59.10 a barrel
U.S. crude inventories climbed by 2.8 million barrels
Russia stressed it would not let any deal stray too far from its objectives
Recent price weakness is driven mainly by reported progress in Ukraine–Russian peace negotiations
U.S. oil giants Exxon Mobil and Chevron were seen slightly higher
An end to the war in Ukraine might pave the way for higher Russian oil flows
U.S. West Texas Intermediate (WTI) crude was up 6 cents, or 0.1%, to $59.97
Novorossiysk resumed oil loadings on Sunday
Brent was trading at $64.54
Crude inventories rose by 6.4 million barrels to 427.6 million barrels
Oil and gas demand could continue to grow until 2050
Middle Eastern producers Saudi Arabia, Iraq and Kuwait will raise crude oil supplies to India
Both benchmarks fell about 2% last week
U.S. West Texas Intermediate crude was up 46 cents, or 0.77%, at $59.89
U.S. West Texas Intermediate crude was down 84 cents, or 1.38%, at $60.21
Morgan Stanley raised its Brent crude forecast for the first half of 2026 to $60 a barrel
U.S. West Texas Intermediate crude was at $60.50 a barrel
U.S. President Donald Trump lowered tariffs on China
U.S. West Texas Intermediate crude futures gained 72 cents, also 1.2%, to $60.87
Brent and WTI last week registered their biggest weekly gains since June