The price of nearby WTI crude oil futures has not been materially under $65 per barrel in almost four years, but that level could soon be breached for a variety of

Oil prices started to recover following a turbulent week that saw both WTI and Brent drop dramatically on trade war fears and ample supply.

Oil futures rose Friday, finding support after Russia’s deputy prime minister reportedly said OPEC+ could reverse its decision to begin increasing production next month if the market appears unbalanced.

Oil prices rose on Friday but were set for close to a 4% weekly decline as uncertainty surrounding U.S. tariff policies raised concern over demand growth while major producers prepared to increase output.

Oil prices experienced a substantial loss, the largest since October, due to U.S. tariffs on Canada and Mexico, signals of comfortable supply levels, and OPEC+'s planned production cut rollback.

Oil prices are rising on Friday, but the entire week has marked the largest decline in listings since October. WTI and Brent have lost almost 5% due to market uncertainty caused by U.S. trade policy.

Oil prices were steady on Friday but were on track to record the worst weekly loss since October on US President Donald Trump’s tariff policy and prospects of higher crude supply in the market. Brent,