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Crude oil futures end slightly higher on Friday

01 Nov 2025 Evaluate

Crude oil futures ended slightly higher on Friday following reports the U.S. is planning to strike Venezuela's military installations, which overshadowed the concerns about OPEC’s production hike for December. Further, a stronger dollar and data showing weak factory activity in China weighed on crude oil prices ahead of OPEC+ meeting to discuss output policy.

Benchmark crude oil futures for December gained $0.41 or 0.68% at $60.98 a barrel on the New York Mercantile Exchange. Brent crude for December delivery rose $0.07 or 0.11% to settle at $65.07 a barrel on London's Intercontinental Exchange.

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