COMMODITY
Crude oil future end higher on Friday
Dec-06-2025

Crude oil futures ended higher on Friday despite oversupply concerns pulling it downward as geopolitical tension due to the Russia-Ukraine war and the U.S.-Venezuela standoff persisting with no sign of resolution. The U.S. is continuing its military build-up apparently for striking Venezuela. Venezuela is pumping around 1.1 million barrels per day at present. Though this is a small proportion in terms of global flow, around 67% of the output is ‘heavy crude’ for which China is the major purchaser. In case of a U.S. military incursion, China would likely join hands with Venezuela.

Benchmark crude oil futures for January increased $0.47 or 0.79% at $60.14 a barrel on the New York Mercantile Exchange. Brent crude for February delivery gained $0.60 or 0.95% to settle at $63.86 a barrel on London's Intercontinental Exchange.

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