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Crude prices steady as mixed US news offset new Russia sanctions
Business World Philippines
|July 21, 2025
Crude oil futures were little changed on Friday on mixed USeconomic and tariff news and worries about oil supplies following the European Union's (EU) latest sanctions against Russia for its war in Ukraine.
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Brent crude futures fell 24 cents, or 0.3%, to settle at $69.28 a barrel, while US West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.3%, to end at $67.34. That put both crude benchmarks down about 2% for the week.
In the United States, single-family homebuilding dropped to an 11-month low in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter.
In another report, however, US consumer sentiment improved in July, while inflation expectations continued to decline.
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