Global benchmark Brent crude settled at $61.54 a barrel, up 59 cents, or 1%, while U.S. West Texas Intermediate (WTI) crude ended 22 cents, or 0.4%, higher at $56.52.
HOUSTON: Oil prices rose above $61 a barrel on Friday after the head of the U.S. Federal Reserve said the central bank will act "as appropriate" to sustain an economic expansion in the world's biggest economy that has been pressured by uncertainty over global trade.
Global benchmark Brent crude settled at $61.54 a barrel, up 59 cents, or 1%, while U.S. West Texas Intermediate (WTI) crude ended 22 cents, or 0.4%, higher at $56.52.
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