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OilOil prices eased about 1% on Friday to settle at one-month low as the US pushed for a Russia-Ukraine peace deal that could boost global oil supplies, while uncertainty over US interest rates curbed investors' risk appetite.Brent crude futures settled at $62.56, while US West Texas Intermediate (WTI) crude finished at $58.06. For the week, Brent fell by 2.8% and WTI fell by 3.4%. Market sentiment turned bearish as Washington pushed for the Ukraine-Russia peace plan, even as sanctions on Russian oil producers Rosneft and Lukoil were set to take effect on Friday.Russia was the second-biggest producer of oil in the world after the US in 2024. Meanwhile, a stronger US dollar also weighed on oil prices. The greenback hit a six-month high versus a basket of other currencies, making dollar-priced oil more expensive for many global buyers.GasAsian spot liquefied natural gas (LNG) prices rose slightly this week but remained around the $11 area on well-stocked inventories and weak demand. The average LNG price for December delivery into northeast Asia held at $11.66 per million British thermal units (mmBtu), industry sources estimated.Asian spot gas prices built up their premium to European gas prices for near months at the TTF hub, mainly to account for an increase in spot charter rates that meant drawing cargoes over longer distances to Asia rather than Europe would cost more. In Europe, Dutch and British gas prices edged lower on Friday as expectations of stronger wind power output and warmer temperatures curbed gas demand.Prices rose earlier last week as a cold spell drove heating demand higher. The Dutch TTF price settled at $10.20 per mmBtu, recording a weekly loss of 3.4%.

Oil prices rose in early Asian trading on Monday after OPEC+ announced a pause in output hikes during the first quarter of 2026, reflecting a cautious stance amid ongoing demand uncertainty. Brent Crude gained 0.47% to trade at $65.24 per barrel, after closing $0.07 higher on Friday. West Texas Intermediate (WTI) rose 0.45% to $61.43 per barrel. During an online meeting on Sunday, eight OPEC+ member states agreed to raise production by 137,000 barrels per day in December 2025, consistent with the increases implemented in October and November. The group subsequently announced a pause on further output hikes for January, February, and March 2026, citing "seasonality" and typically weaker demand during the first quarter. Both Brent and WTI fell by more than 2% in October, marking their third consecutive monthly decline and hitting their lowest levels in five months on October 20, amid concerns about oversupply and economic uncertainty linked to potential US tariff measures.

Oil prices declined on Tuesday, extending losses from the previous two sessions, due to OPEC's plans to increase output, which outweighed optimism about a potential trade deal between the United States and China.Brent Crude futures dropped by four cents to $65.58 a barrel, while US West Texas Intermediate (WTI) crude futures fell by nine cents to $61.22 a barrel.Russia's Lukoil, the country's second-largest oil producer, announced its plans to sell its international assets following US sanctions.The United States announced last week a round of sanctions on Russia related to the oil sector.US Treasury Secretary Scott Bessent said in a statement that sanctions were imposed on Russia's two largest oil companies, attributing the move to Moscow's refusal to end the war in Ukraine. He added that the sanctions on Rosneft and Lukoil were due to their financing of Russia's war machine.US President Donald Trump seeks to bring an end to the conflict that began when Moscow launched its military operation in Ukraine on Feb. 24, 2022.

The price of a barrel of Kuwaiti oil fell by USD 1.25, reaching USD 62.52 per barrel in trading on Friday, compared to USD 63.77 on Thursday, according to the Kuwait Petroleum Corporation.In global markets, the settlement price of Brent crude futures rose 23 cents to USD 61.29 a barrel, while US West Texas Intermediate crude futures also increased 8 cents to USD 57.54.

Oil prices rose around 1% on Thursday after US President Donald Trump said that Indian Prime Minister Narendra Modi had pledged his country would stop buying oil from Russia. Brent Crude futures rose 57 cents, or 0.9%, to $62.48 a barrel. US West Texas Intermediate (WTI) futures climbed 54 cents, or 0.9%, to $58.81. Both contracts touched their lowest since early May in the previous session on US-China trade tensions and after the International Energy Agency warned of a big surplus next year as OPEC+ producers and rivals lift output amid weak demand.

The price of a barrel of Kuwaiti oil fell by USD 1.05, reaching USD 63.68 per barrel in trading on Tuesday, compared to USD 64.73 on Monday, according to the price announced by the Kuwait Petroleum Corporation on Wednesday. In global markets, the settlement price of Brent Crude futures fell 93 cents to USD 62.39 a barrel, while US West Texas Intermediate crude futures also fell 79 cents to USD 58.70.

Oil prices rose on Thursday, snapping a three-day losing streak and rebounding from 16-week lows. Brent Crude futures gained 15 cents, or 0.2%, to $65.50 a barrel. US West Texas Intermediate crude climbed by 14 cents, or 0.2%, to $61.92 a barrel. On Wednesday, Brent and WTI both lost about 1%, with Brent closing at its lowest since June 5 and for WTI since May 30. Crude inventories rose by 1.8 million barrels to 416.5 million barrels in the week ended on September 26.

Oil prices climbed in early trade on Monday, trimming some of last week's losses, after OPEC+ agreed to slow the pace of output increases from October amid expectations of weaker global demand. Brent Crude gained 34 cents, or 0.5%, to $65.84 a barrel, while US West Texas Intermediate (WTI) crude rose 30 cents, or 0.5%, to $62.17 a barrel. Both benchmarks fell more than 2% on Friday as a weak US jobs report dimmed the outlook for energy demand. They lost more than 3% last week. Under the new OPEC+ decision, eight member countries will lift production by 137,000 barrels per day (bpd) starting in October, far below the monthly increases of about 555,000 bpd for September and August, and 411,000 bpd in July and June.