Brent crude heads for best week in 2 years | Financial Times:
Oil prices continued their ascent on Friday amid signs of supply cuts, putting Brent futures on track to book their best week in more than two years.
Brent, the international benchmark, surged 4.1 per cent in recent trading to hit $58.23 a barrel. That equates to an 11.6 per cent rally this week, the highest since December 2016.
West Texas Intermediate crude also looked to end the week with strong gains, rising 4.3 per cent to $49.13 a barrel. For the week, US oil futures are up 8.3 per cent for the best weekly mark since April 2018.
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