The uncertainty before the weekend caused crude oil futures to rise.

In the typical cautious mood before the weekend, crude oil futures rose as the market worried about the continued closure of the Strait of Hormuz and doubted whether conflicts could be quickly resolved through negotiations. Arlan Suderman of StoneX said in a report, "As the weekend approaches, war anxiety intensifies." Despite President Trump extending the deadline for attacks on Iran's energy industry to allow more time for negotiations, overnight the crude oil market still added a risk premium, "fearing that supplies may become tighter before substantial relief in global oil supply appears." Suderman added that global crude oil supply seems to decrease by 13% for a period of time, and even if the war ends tomorrow, supply will still be tight in the coming weeks or months during the infrastructure repair period. West Texas Intermediate crude settled up 5.5% at $99.64 per barrel, up 1.3% for the week. Brent crude rose 4.2% to $112.57 per barrel, up 0.3% for the week.