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Crude oil futures settle higher on Friday

18 Oct 2025 Evaluate

Crude oil futures settled higher on Friday after U.S. President Donald Trump suddenly reversed his hardline stance on China, raising confidence that warmer bilateral trade relations could lead to an increase in energy demand. Trump maintained that the 100% tariffs were not sustainable. He also confirmed that his meeting Xi as scheduled and went on to express admiration for him.

Benchmark crude oil futures for November gained $0.18 or 0.31% at $57.64 a barrel on the New York Mercantile Exchange. Brent crude for December delivery increased $0.23 or 0.38% to settle at $61.29 a barrel on London's Intercontinental Exchange.

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