Oil prices edged higher on Friday after falling more than 2 per cent in the previous session, with both major benchmarks holding onto the bulk of a multi-session rally.
Brent crude futures rose 9 cents, or 0.1 per cent, to $87.16 per barrel by 01:30 GMT, while West Texas Intermediate futures added 4 cents to $81.29 per barrel.
Thursday’s sell-off trimmed gains accumulated over a six-session winning streak for Brent and five sessions for WTI, but neither benchmark gave up enough ground to derail the week’s broader advance. Both remain on track for weekly gains of close to 4 per cent.
