KONTAN.CO.ID - LONDON. Oil prices extended their gains on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the spectre prolonged disruption to oil supply. Brent crude futures rose $1.14, or 1%, to $107.78 a barrel at 1003 GMT, after surging nearly 9% on Thursday in the largest percentage gain since mid-2020. U.S. West Texas Intermediate (WTI) crude futures climbed $1.24, or 1.2%, to $104.22 a barrel, adding to an 8% jump on Thursday.
Oil Continues Rally as Russia-Ukraine Talks Stall
KONTAN.CO.ID - LONDON. Oil prices extended their gains on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the spectre prolonged disruption to oil supply. Brent crude futures rose $1.14, or 1%, to $107.78 a barrel at 1003 GMT, after surging nearly 9% on Thursday in the largest percentage gain since mid-2020. U.S. West Texas Intermediate (WTI) crude futures climbed $1.24, or 1.2%, to $104.22 a barrel, adding to an 8% jump on Thursday.