COMMODITY
Crude oil futures settle higher amid geopolitical tensions
Dec-20-2025

Crude oil futures ended higher on Friday amid escalating tensions between the U.S. and Venezuela, which fueled concerns over supply-side disruptions. Moreover, the US’ efforts to end the Russia-Ukraine war have not yielded any concrete result so far even after multiple meetings by the U.S. delegates with Russian and Ukrainian counterparts. Besides, the European Union has agreed to offer an interest-free loan of $106 billion (90 billion euros) to Ukraine to support the nation devastated by war.

Benchmark crude oil futures for February increased $0.65 or 1.10% at $56.66 a barrel on the New York Mercantile Exchange. Brent crude for February delivery gained $0.65 or 1.10% to settle at $60.47 a barrel on London's Intercontinental Exchange.


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