WTI crude oil futures rose 0.5% to settle at $62.7 a barrel on Friday, after earlier climbing as much as 2.6%, as US threats to sanction Russian crude failed to materialize, even as ongoing Ukrainian drone attacks raised concerns about potential disruptions to Moscow’s exports. Ukrainian strikes temporarily halted operations at Primorsk, Russia’s main Baltic oil-loading port, and targeted three pumping stations feeding the Ust-Luga hub. Meanwhile, the US signaled it may push G-7 allies to impose tariffs of up to 100% on Russian oil purchases by China and India, with Canada convening a finance ministers’ meeting to discuss additional measures. The lack of immediate sanctions led traders to unwind bullish positions ahead of the weekend. Adding to pressure, the International Energy Agency forecast a record oil supply surplus next year, while OPEC+ plans to return idled barrels to the market in October, though at a slower pace.