Oil Prices Rise 1%, Post Strongest Weekly Gains Since June

Oil prices closed higher on Friday (September 26, 2025), gaining over 1% and marking their strongest weekly performance since mid-June.

Brent crude for November delivery rose 1% to $70.13 a barrel, while West Texas Intermediate gained 1.1% to $65.72, with weekly increases of 5.2% and 5.3%, respectively.

The rally was driven by an unexpected drop in U.S. inventories and Ukrainian attacks on Russian energy infrastructure, which pushed Moscow to tighten fuel export restrictions and cut production, amid escalating geopolitical tensions and NATO warnings.