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Crude oil futures settle higher on Friday

17 Jan 2026 Evaluate

Crude oil futures ended higher on Friday after falling sharply in the previous session on easing Iran-U.S. tensions. Traders weighed the continuing risks after reports indicated that the U.S. is consolidating its forces in the Middle East. Meanwhile, Greenland worries returned to the fore, with reports suggesting that European troops are landing in the country to defend it against real U.S. military threat.

Benchmark crude oil futures for February delivery rose $0.11 or 0.19% to settle at $59.30 a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased $0.37 or 0.58% to settle at $64.13 a barrel on London's Intercontinental Exchange.

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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.

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