Oil prices rose on Friday, following US President Donald Trump’s announcement of an upcoming statement concerning Russia, which hinted at potential additional sanctions on the significant oil-producing nation.

Crude futures fell over 2% Thursday as traders reacted to fresh tariff threats from U.S. President Donald Trump, raising alarms over future oil demand in key growth markets.

Oil prices steadied in early trading on Friday following a 2% drop in the previous session that was driven by U.S. President Donald Trump's new tariffs, expected to hurt economic growth, and a cut to OPEC demand forecasts.

Oil bull Josh Young tells CNBC's Dan Murphy that OPEC's latest World Oil Outlook forecast could set the stage for a long-term uptick in oil prices.

Crude oil futures rose 2.6% on Friday as President Trump considers imposing major tariffs on countries that import energy from Russia. “I think

Oil prices steadied in Asian trading on Friday after sharp losses the previous day, as investors assessed new U.S. tariff threats and closely watched signals from OPEC+ on future supply levels. Brent crude futures

Oil prices were steady on Thursday as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth, while a weaker dollar and signs of strong U.S. gasoline demand underpinned prices.

Crude oil prices declined by nearly 3% on Friday after President Donald Trump said he has a “major” announcement on Russia coming up next week. At the time of writing, U.S. West Texas Intermediate (WTI) crude futures were up nearly 3%,

While oil and gas wells still operate under older leases in parts of the state, officials say their new reviews will address the standstill and could clear the way for fossil fuel companies to operate on additional federal lands.

Oil prices were steady on Wednesday as investors weighed strong U.S. gasoline demand data and attacks on shipping in the Red Sea, while U.S. copper tariffs loomed. Brent crude futures settled up 4 cents,