Abu dhabi: Oil prices rose more than 4% at settlement on Friday, hitting their highest levels in over a month. Brent crude futures rose $3.87, or 4.59%, to settle at $88.10 a barrel. West Texas Intermediate (WTI) crude futures climbed $3.54, or 4.48%, to $82.49 a barrel.
According to Emirates News Agency, both benchmarks reached their highest levels since mid-June and have gained about 16% this week. Brent is on track for its third consecutive weekly gain, while WTI is headed for its second.