Brent crude, the international benchmark, rose $3.54 to $109.26, up 3.35%.Over the week, Brent crude climbed by 7.84%, while WTI jumped by 10.48%.Gulf marker Murban crude traded at $108.00, up 3.15%, while Dubai crude was at $102.61, up 0.25%.
Brent crude oil prices remain elevated as persistent supply risks continue to underpin the market, according to a recent analysis from Deutsche Bank... Why does Deutsche Bank believe Brent prices will stay elevated?.
The relative stability in Brent crude oil prices over the past week may be deceptive, according to analysts at TD Securities... TD Securities observes that speculative traders have built a significant net short position in Brent futures.
Brent crude rose on Friday as traders balanced a potentially softer US-China energy backdrop ... Brent futures climbed to $107.32 a barrel and West Texas Intermediate to $101.71, extending a week ...