COMMODITY
Crude oil futures settle higher on Friday
Apr-26-2025

Crude oil futures settled higher on Friday amid signs of easing trade tensions between the U.S. and China, with President Donald Trump refuting China's claims that the two countries have not held any trade negotiations. Meanwhile, private report citing U.S. businesses also said China has exempted some U.S. imports from its 125 percent tariffs. However, oil prices fell for the week on the back of oversupply concerns and uncertainty around tariff talks between the U.S. and China.

Benchmark crude oil futures for June delivery surged $0.23 or about 0.4% at $ 63.02 a barrel on the New York Mercantile Exchange. Brent crude for June delivery rose $0.32 or 0.48% to settle at $66.87 a barrel on London's Intercontinental Exchange.


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