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Oil eked out a small gain for the week, snapping a seven-week losing streak, as signs that the Federal Reserve's aggressive rate-hiking campaign is over bolstered risk assets.

Oil posted a large loss the first week of trading in the new year as demand uncertainty continued to hang over the market.

Oil registered its third straight monthly decline, its longest losing run in more than two years, on concern that tighter monetary policy and China's economic slowdown will impact crude demand.

Oil rose for a sixth session, buoyed by risk-on sentiment and news that Russia had agreed on further OPEC+ cuts.

Oil rose for the third straight week as the market continued to tighten on the back of production cuts from Saudi Arabia and Russia.

Oil rose along with equities on Friday, but still declined for a third straight week on growing concerns over global demand and the unwinding of the Israel-Hamas war's risk premium.

Oil settled at its third weekly loss as mounting evidence of an economic slowdown overshadows supply-risk concerns.

Oil posted a weekly advance, bolstered by output disruptions in Libya and increased tensions in the Middle East.

Oil rose on Friday, cementing a gain for the week, as macroeconomic trends suggested stronger demand globally.

Oil rallied to the highest price in two months after a fuel tanker was struck near Yemen, underscoring the geopolitical risks to crude supplies.