Crude oil rose Friday but still fell for the week

Crude oil prices made slight gains on Friday after dipping at mid-day. Increases came following President Trump’s meeting with Hungary’s Prime Minister Viktor Orban where they discussed making an exception for his country to use Russian crude oil.

Prices had fallen earlier in the day as global benchmark Brent registered a loss on the impact of flight cuts due to a shortage of air traffic controllers, who are not being paid because the U.S. government shutdown.

Brent crude futures settled at $63.63 a barrel, up 25 cents or 0.39%. U.S. West Texas Intermediate crude finished at $59.75 a barrel, up 32 cents, or 0.54% on the New York Mercantile Exchange.

Despite the slight gain, the two benchmarks were expected to record a weekly drop of about 2%.

Natural gas prices fell on Friday, settling at $4.315 MMBtu. The decline was $0.042 or 0.96%.

Gains were the order of the day on Friday when most Oklahoma energy stocks finished the day in positive territory. Stardust Power wrapped up trading with a strong 6% boost while Vital Energy wasn’t far behind with nearly a 6% increase.

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