Overview

• Brent traded near $69.6 and WTI around $65.2 on Friday, putting both benchmarks on course for their strongest week since June.
• Deputy Prime Minister Alexander Novak said Moscow extended its gasoline export ban through year‑end and introduced a partial diesel export ban for non‑producers, exempting existing contracts.
• Traders cited ongoing Ukrainian drone attacks on Russian refineries and terminals as a key factor tightening fuel supply and supporting prices.
• President Trump publicly urged countries still importing Russian crude, including Turkey, to halt purchases to constrain Moscow’s energy revenue.
• The rally was tempered by a planned restart of Kurdistan crude exports of about 230,000 barrels per day, while a 0.6 million‑barrel U.S. crude inventory draw offered additional support.