The Brent crude July contract rose 76 cents to US$82.12 a barrel. US West Texas Intermediate (WTI) crude futures settled 85 cents, or 1.1%, higher to US$77.72.
HOUSTON: Oil prices rose about 1% on Friday, but fell for the week on worries that strong US economic data would keep interest rates elevated for a longer period, curbing fuel demand.
The Brent crude July contract rose 76 cents to US$82.12 a barrel. The more-active August contract closed up 73 cents at US$81.84.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.