Brent crude futures rose US$1.07, or 1.7%, to settle at US$63.91 a barrel, while US West Texas Intermediate crude futures advanced US$1.11, or about 1.9%, to settle at US$61.02.
NEW YORK: Oil prices settled nearly 2% higher on Friday and notched their first weekly gains since mid-April as a US trade deal with the United Kingdom turned investors optimistic ahead of talks between top officials from Washington and Beijing.
Brent crude futures rose US$1.07, or 1.7%, to settle at US$63.91 a barrel, while US West Texas Intermediate crude futures advanced US$1.11, or about 1.9%, to settle at US$61.02.
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