The prices of oil rose in Friday’s trading, amid investor optimism about global demand for crude, and prices of black gold are heading towards recording their best weekly performance in a month.
By 10:30 GMT time, futures for U.S. crude oil, West Texas Intermediate (WTI), rose by 1.2% to $72.72 per barrel.
Meanwhile, futures for the global crude oil blend, Brent, rose by 1.23% to $76.79 per barrel, according to Bloomberg agency data.