Oil prices mostly rose over 2% on Friday after energy firms posted positive earnings and U.S. data showed crude output was declining while fuel demand was growing, APA-Economics reports citing Zawya.
On its last day as the front-month, Brent futures for June delivery rose $1.17, or 1.5%, to settle at $79.54 a barrel, while the more actively traded July contract jumped 2.7% to settle at $80.33.
U.S. West Texas Intermediate (WTI) crude rose $2.02, or 2.7%, to settle at $76.78.