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Crude oil drives higher with focus on geopolitical risks, OPEC+ plan to rein in production

Business & Economy
Mar. 21, 2025 7:30 PM ETUnited States Oil Fund, LP ETF (USO), XLEUCO, FCEL, DBO, UNG, FCG, USL, MXC, GEL, SCO, USAU, UNL, BNO, AMRC, UAMY, AMTX, CNL, BOIL, KOLD, DC, NEXT, GUSH, DRIP, USOI, KLXE, NFE, CO1:COM, NG1:COM, CL1:COM, VGAS, FEAM, IEBy: Carl Surran, SA News Editor

SlavkoSereda/iStock via Getty Images

Crude oil futures posted their second straight weekly gain, boosted by bullish geopolitical developments, including U.S. strikes on Houthi rebel targets and Israeli strikes on Gaza, while the U.S. tightened enforcement against Iranian crude by sanctioning a Chinese refinery.

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