Oil futures rose at the settlement of Friday’s session, after the markets absorbed the decline of US drilling rigs for the third week in a row.
The data of “Baker Hughes” revealed that the number of American oil drilling rigs fell by five rigs at 497 rigs during the current week.
Futures contracts for benchmark Brent crude for December delivery recorded an increase of 0.6% to 51 cents at 84.58 dollars per barrel, but recorded weekly losses of 8.3%.
