Crude oil futures ended lower on Friday with cut of over a percent as troubling U.S. manufacturing data and uncertainty over the outcome of Sunday's the Organization of the Petroleum Exporting Countries and its allies (OPEC+) meeting weighed on prices. Some pessimism also came in following reports that the European Union agreed on a price cap of $60 for Russian seaborne oil, and there are expectations that this would have little impact.
Benchmark crude oil futures for January delivery declined $1.24 or 1.5 percent at $79.98 a barrel on the New York Mercantile Exchange. Brent crude for February delivery lost $1.31 or 1.5 percent to settle at $85.57 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: