COMMODITY
Crude oil futures settle lower on Friday
Jan-03-2026

Crude oil futures ended lower on Friday, extending the pullback seen over the two previous sessions. The modest decrease in the price of crude oil comes as traders weighed potential oversupply concerns against escalating geopolitical tensions. Besides, investors took a cautious approach ahead of the meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+). It is expected that the group will uphold November's decision to pause further production increases amid concerns that the global market is already slipping into oversupply. 

Benchmark crude oil futures for February decreased $0.10 or 0.17% at $57.32 a barrel on the New York Mercantile Exchange. Brent crude for March delivery declined $0.10 or 0.16% to settle at $60.75 a barrel on London's Intercontinental Exchange.

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