Brent fell 6 cents to $62.68 a barrel, WTI rose 18 cents to $56.59 a barrel

Treasury imposed sanctions on Moscow-based Maritime Assistance LLC, which it called a front company for Russian shipping company, Sovfracht, which has been subject to US sanctions since September 2016 for operating in Crimea. Russia annexed Crimea from Ukraine in March 2014, a move which is not recognized by most of the international community.

Turkish President Tayyip Erdogan said on Friday it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of U.S. sanctions, and added that trade between the two countries would continue, according to broadcaster NTV.

“This year, 2019 already broke the highest amount of (final investment decisions) for the first time ever, $50 billion,” he told the annual LNG Producer-Consumer conference in Tokyo.

South Korea’s state-run Korea Gas Corp. signed a deal to import an additional US$9.6 billion worth of liquefied natural gas (LNG) from the United States for up to 18 years, in line with efforts to expand ties with the world’s top economy in the energy segment, Seoul’s trade ministry said

Ukraine's growth is held back by a weak business environment—with shortcomings in the legal framework, pervasive corruption, and large parts of the economy dominated by inefficient state-owned enterprises or by oligarchs—deterring competition and investment.

Novatek already has a Yamal LNG plant running at annual capacity of 16.5 million tonnes of super-cooled gas. It plans to start another project, Arctic LNG 2, in 2023.

Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the second quarter of 2019, according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.

ExxonMobil signed an agreement with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion

Brent were at $62.55 a barrel, WTI gained 13 cents, or 0.23%, to $56.62 a barrel.

“I should like to invite all the countries directly affected by the developments in the Persian Gulf and the Strait of Hormuz to the Coalition for Hope meaning Hormuz Peace Endeavor,” stated President Rouhani.

At 419.5 million barrels, U.S. crude oil inventories are at the five year average for this time of year

Analysts have said the Trump administration remains unlikely to sanction a major Chinese entity, even as imports of Iranian crude continue, due to the impact on the global economy if the trade dispute between the two nations drags on.

Prime Minister Narendra Modi urged global businesses to “come to India” as his government seeks to build a $5 trillion economy by 2025.

Indian power utilities imported 28.70 million mt of thermal coal over April-August, up 28% from the same period a year ago