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Brent Oil Breaks Above $70 as Pressure on Russia Intensifies
Yahoo Finance·2025-09-26 20:16

Oil notched its biggest weekly gain in more than three months as mounting pressure on Russia to end its war in Ukraine muddies the outlook for exports from the OPEC+ member, with algorithmic traders adding momentum to the rally. Global benchmark Brent advanced to settle above 70abarrelforthefirsttimesincelateJuly,andwasuproughly5.270 a barrel for the first time since late July, and was up roughly 5.2% this week, while West Texas Intermediate closed near 66. Most Read from Bloomberg The commodity followed broader markets higher on Friday amid stronger-than- ...