Oil prices have recently surged due to increasing geopolitical tensions, but concerns over economic data in the U.S. could bring them back down. Crude oil prices are on track for a third consecutive weekly gain, with Brent set to finish the week at $87 per barrel. The approval of the Calcasieu Pass 2 liquefaction plant in Louisiana by the US Federal Energy Regulatory Commission is expected to make Venture Global the second-largest LNG exporter in the US. Hedge funds are increasing their exposure to Brent futures and options, while Nigeria's Dangote refinery faced setbacks due to a fire. Norway plans to launch seabed mining in 2025, and Russia is looking to supply pipeline gas to Iran. European airlines are introducing surcharges for clean fuel, and Saudi Aramco is seeking more LNG supply. Overall, the oil market remains volatile, with various factors impacting prices and investments.