Oil prices have recorded gains for the third consecutive week, with Brent crude futures rising 3.69% to reach $79.76 per barrel. This increase comes amid a broader trend in commodity markets, where energy futures have shown strong performance. In China, energy futures surged by 6.7%, while the Freight Index experienced a decline of 2.4%. Additionally, the U.S. sanctions have contributed to pushing Brent crude prices to three-month highs, impacting crude-sensitive stocks negatively, with BPCL being the top loser on the Nifty index. Other commodities have also seen varied movements, with gold rising by 0.6% and silver decreasing by 0.3%. Overall, the commodities market is experiencing heightened activity as traders respond to these developments.