Brent declined by $1.34, or 1.35%, to $98.05 ​a barrel, WTI ​fell $1.65, or 1.74%, to $93.40 a barrel.

The International Monetary Fund downgraded its growth projection for the year after the war in the Middle East triggered a major oil shock and included the possibility of a downturn if the conflict drags on and energy infrastructure is severely damaged.

On the onset of NaturalGas pricing for the week at $2.60/MMBtu depicting an 18-month low,clarity is emerging that it's becoming a stranded asset with a workforce attached to it.

The contract hit a session high of $113.97 a barrel on Thursday before settling at $111.42 a barrel.

Russia will not supply oil to the countries that maintain a price ceiling, according to the Russian Deputy Foreign Minister, Andrey Rudenko.

Russia has emerged as one of the beneficiaries of the war, with the conflict lifting crude prices and Washington easing long-standing curbs on its exports.

That’s the price of the region’s benchmark diesel futures, known as ICE Gasoil, which rose as high as $1,509.50 a ton earlier today, the equivalent of $202.3 a barrel.

Brent rose by $3, or 2.78%, to $111.01, WTI were up $2.59, or 2.74%, at $97.07.

Russia and Vietnam have existing nuclear technology links, notably with the development of plans for a Centre for Nuclear Science and Technology in Vietnam, which includes a Russian‑designed research reactor.

Brent crude futures traded at about $104.1 a ⁠barrel, U.S. ​West Texas Intermediate was down 7.8% at $90.55.

India used to buy 518,000 b/d of Iranian oil in 2018, which slowed to 268,000 b/d between January-May 2019 during the sanctions waiver period,

Chinese state-owned refineries are competing for Iranian crude oil allowed under the US exemption, while barrels remaining in Southeast Asia with origin certificates other than Iran are expected to continue to be acquired by China's independent refiners, according to sources from the state-owned and independent sectors.

Brent futures rose $1.67, or 1.5%, to $110.32 ​a barrel at 1030 GMT, while U.S. West Texas Intermediate (WTI) crude added 33 cents, or 0.3%, to $96.47.

With the culmination of the Ramadan festivities this week,the main agenda has been cutting through the noise in the global Oil markets.

Brent were down $7.15, or 7.2%, at $91.81, WTI was down $6.26, or 6.6%, at $88.51 a barrel.