Oil futures rose Friday, with Brent crude pushing back above the $70-a-barrel threshold as investors monitored talks to end the Russia-Ukraine war.

Oil prices were stable on Friday after a more than 1% loss in the previous session, as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets.

Oil prices were rising after Russia's President Vladimir Putin expressed reservations about President Donald Trump’s proposal for a resolution of the three-year-old conflict in Ukraine. Putin said he

Crude oil fell, with market sentiment weighed by concerns over the potential economic impact of trade tariffs along with a fresh warning over a potential surplus in global crude supply.

Oil futures settled lower on Thursday after the International Energy Agency’s monthly report underscored worries that rising global trade tensions could undercut energy demand.

Global oil demand is under pressure from the escalating trade war at the same time that OPEC+ is reviving output, threatening to deepen a supply surplus, the International Energy Agency said.