Jan 13, 2025 7:39 p.m.

Oil settled higher on Friday, but weekly values dropped

Oil settled higher on Friday, but weekly values dropped

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International benchmarks for crude oil ended the final trading day of the week on 18 March 2022 with additional gains as there are no easy replacements for Russian crude, however, the weekly values fell for the second week in a row.

Brent gained $1.29 or 1.2% to close at $107.93/barrel. 

WTI increased $1.72 or 1.7% to settle at $104.7/barrel.