Oil Futures Rose Last Week; Trump’s Weekend Iran Comments Keep Supply Risks in Focus

Oil futures ended last week higher, while President Donald Trump’s weekend comments about Iran kept supply risks in focus ahead of the Federal Reserve’s rate decision. West Texas Intermediate crude for December delivery rose 3.82% Friday to $103.27 a barrel. Brent for December gained 3.14% to $116.72. For the week ended Friday, WTI climbed 4.29% and Brent rose 6.24%. Trump said over the weekend that the United States might strike Iran again or reach an agreement. He later said there would be no U.S. strike on Sunday, Eastern time.