Brent crude oil futures edged higher by 0.1% to settle at $67.7 per barrel on Friday, booking their first weekly gain in three weeks as geopolitical tensions and supply dynamics kept markets volatile. The conflict in Ukraine added uncertainty after Russia launched new airstrikes and Ukraine struck a refinery and a key oil pumping station, disrupting deliveries through the Druzhba pipeline. At the same time, US crude inventories fell by 6 million barrels last week, a much larger draw than expected, signaling strong demand and providing support to prices. Traders also looked to the Jackson Hole economic conference, where Fed Chair Jerome Powell’s dovish remarks boosted expectations of a September rate cut, which could spur growth and fuel demand. Still, worries about weak economic data from Germany and the potential for a post-summer supply glut limited gains, keeping prices in a narrow range.