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Oil clinched its first monthly gain since September after attacks on vessels in and around the Red Sea diverted tanker traffic and escalated tensions in the Middle East.

Oil fell for the fifth consecutive month, culminating in its second quarterly drop since early 2020.

Oil was set for a second weekly loss after the risk premium from the Israel-Hamas war vanished, bringing signs of soft demand to the fore.

Oil posted its second straight weekly decline as signals of additional crude supplies and a deteriorating global demand outlook loomed over a string of thinly traded sessions.

Oil rallied to the highest since mid-November, capping off its second straight week of gains on optimism over increased demand from China.

Oil posted a second weekly gain as developments in the Middle East raised concerns that the conflict may spread, though US efforts to delay Israel's invasion of Gaza caused prices to edge down on Friday.

Oil posted a second weekly gain as evidence mounted that the decision by OPEC+ leaders Saudi Arabia and Russia to tighten supplies was making a mark across physical markets.

Oil posted a second straight weekly gain after supply curbs from OPEC+ leaders Saudi Arabia and Russia were extended for the rest of the year.

Oil tumbled to the lowest levels since early January as long-term headwinds overwhelmed the positive sentiment from a strong US jobs report.

Oil posted its longest streak of gains since mid-2022 as multiple reports forecasting increased demand gave a fresh boost to a rally built on increased supply-disruption risks and extended Saudi production cuts.