Extending previous session’s gains, Crude oil futures ended higher on Friday amid fears of supply disruptions, given prospects of Russia-related sanctions, Trump's seizure of Russian oil tanker, unrest in Iran, Iraqi nationalization moves, and a drone attack on a Russia-bound oil tanker near Turkey's coast in the Black Sea. Recent data from EIA showing a decline in U.S. crude inventories also allayed global oversupply concerns. Investors also await the outcome of U.S. President Donald Trump's meeting with the heads of major U.S. oil companies to convince them to support his plans in Venezuela.
Benchmark crude oil futures for February delivery rose $1.02 or 1.77% to settle at $58.78 a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased $1.35 or 2.17% to settle at $63.34 a barrel on London's Intercontinental Exchange.
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: