SINGAPORE, Oct. 24, 2025 — Oil prices fell slightly in early trading on Friday, trimming part of the previous session’s strong gains, but remained on track for their biggest weekly advance in more than four months amid tightening supply concerns.
Brent crude futures slipped 17 cents, or 0.3%, to $65.82 a barrel by 00:24 GMT, while U.S. West Texas Intermediate (WTI) crude fell by the same amount to $61.62 a barrel.
Both benchmarks jumped more than 5% on Thursday after the United States imposed fresh sanctions on Russian oil giants Rosneft and Lukoil, citing their role in financing Moscow’s war in Ukraine. The sanctions heightened worries about potential disruptions to Russian crude exports.
Despite Friday’s pullback, Brent and WTI are up nearly 7% for the week, marking their strongest weekly performance since mid-June. Traders said ongoing geopolitical tensions and tighter global supply outlooks continue to underpin oil prices.
