Oil rose to its highest since mid-2015 on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal.
Brent crude futures were up 55 cents at $61.49 per barrel at 1210 GMT, having hit a session peak of $61.70 earlier, the highest since July 2015.Read more
Oil rose on Friday, edging closer to new 17-month highs as producers showed signs of adhering to a global deal to reduce output.
Brent crude futures were trading at $54.55 per barrel at 1225 GMT, up 53 cents on the previous day’s close.
US West Texas Intermediate (WTI) crude was up 33 cents at $51.23 per barrel.
“The market hasRead more