Oil prices have risen, driven by a significant drop in U.S. fuel inventories and a weaker U.S. dollar. U.S. government data showed a 2.8 million barrel decline in distillates, surpassing expectations of a 300,000-barrel drop. Brent crude futures climbed to $71.12 per barrel, with a weekly gain of 2.2%, while U.S. West Texas Intermediate crude reached $67.58 per barrel, up 2.1% for the week. Geopolitical developments, including new U.S. sanctions on Iranian oil exports and OPEC+ plans to enforce output cuts, further supported prices. Analysts estimate a 1 million barrels per day reduction in Iranian crude exports due to the sanctions, while OPEC+ members have pledged monthly cuts of up to 435,000 barrels per day until mid-2026. Gold prices dipped on Friday due to profit-taking and a stronger U.S. dollar but achieved a third consecutive weekly gain. Spot gold fell 1.4% to $3,001.03 per ounce, while U.S. gold futures dropped 1.2% to $3,007.80. The metal, which has risen 0.7% this week, hit 16 record highs this year and has increased in 11 of the past 12 weeks, reaching a peak of $3,057.21 per ounce earlier in the week.