Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose.
Investors covered short bets ahead of a weekend in which the U.S. news programme “60 Minutes” will air an interview with Saudi Arabia’s crown prince.
Brent futures rose to more than 66.42 dollars , its highest since Feb. 28.
U.S. West Texas Intermediate (WTI) crude futures for April, which will expire on Tuesday, rose to 62.54 dollars on Friday, its highest since March 7.
Gains on Wall Street also supported crude futures, which have recently been moving in tandem with U.S. stock indices.
U.S. drillers added four oil rigs in the week to March 16, bringing the total count to 800, General Electric Co’s Baker Hughes energy services firm said on Friday.
It was the seventh U.S. rig count rise in eight weeks.
On Thursday the…
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