Overview
- Brent hovered near $64 and WTI around $59 to $60 after a volatile week that still points to a small weekly gain.
- President Donald Trump signaled he would hold off on striking Iran, and the New York Times reported that Benjamin Netanyahu asked for a postponement of any attack.
- Fox News reported that the U.S. is moving an aircraft carrier and other assets into the Middle East, keeping a residual risk premium in place.
- OPEC projected a balanced market for 2026 and analysts said prices likely stay range‑bound, with Brent roughly between $57 and $67.
- Continental Resources founder Harold Hamm said the company plans to halt drilling in North Dakota’s Bakken because of low crude prices.