Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union's latest sanctions against Russia for its war in Ukraine.

EU sanctions aim to weaken Russia’s war economy with oil price caps, ship bans, and finance curbs—without disrupting global supply, says EU envoy to India.

The UK joined the European Union’s efforts to diminish Russia’s revenues further by lowering the price cap on its crude oil, extending a broader push to pressure the Kremlin for continuing the war in Ukraine.

European Union member states have approved a new round of sanctions against Russia over its war in Ukraine, featuring an updated oil price cap, tighter banking restrictions, and limits on fuels derived from Russian oil.

New EU sanctions on Russian oil pose challenges for Indian giants Nayara Energy and Reliance Industries, potentially restricting their access to Europ

Fossil fuel revenues form the backbone of Russia's economy, which has been buffeted by sanctions following Vladimir Putin's full-scale invasion of Ukraine.

Fundamentals — supply and demand — took control of oil markets this week.

India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, oil minister Hardeep Singh Puri said on Thursday. Earlier this week, U.S. President Donald Trump warned that countries purchasing Russian exports could face sanctions if Moscow fails to reach a peace agreement with Ukraine within 50 days.