Crude futures settle higher

Oil prices climbed on Friday.

The West Texas Intermediate for November delivery added 74 cents, or 1.14 percent, to settle at 65.72 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery went up 71 cents, or 1.02 percent, to settle at 70.13 dollars a barrel on the London ICE Futures Exchange.

The U.S. State Department announced Wednesday that it is pausing immigrant visa processing from 75 countries.

The measure will apply to "countries whose migrants take welfare from the American people at unacceptable rates. The freeze will remain active until the U.S. can ensure that new immigrants will not extract wealth from the American people," the department said on X.

The pause impacts countries including Somalia, Haiti, Iran and Eritrea, "whose immigrants often become public charges on the United States upon arrival," said the State Department.

Earlier on Wednesday, the department announced in a memo that it would suspend visa processing for 75 countries, including Somalia, Russia, Afghanistan, Brazil, Iran, Iraq, Egypt, Nigeria, Thailand and Yemen, according to a Fox News report.

The pause will begin Jan. 21 and will continue indefinitely until the department conducts a reassessment of visa processing, the report said. The move came after the White House announced on Tuesday that it is ending temporary protected status for Somali immigrants amid fraud allegations in Minnesota.

On Monday, the State Department announced on social media that it had revoked over 100,000 visas since U.S. President Donald Trump took office nearly a year ago.

In November 2025, Trump announced his intention to permanently suspend immigration from what he described as "Third World countries", following the death of a National Guard member after being shot near the White House by an Afghan national.