30 January 2016, Lagos – Global benchmark Brent crude futures rose on Friday, moving nearly eight per cent higher so far this week and set for a second weekly gain.
Oil was spurred by hopes of a deal among oil-producing countries to tackle the supply glut.
Brent futures have jumped 28 per cent since hitting an intra-day low of 27.10 dollars a barrel on Jan. 20 and up to its Jan. 28 high of 35.84 dollars.
U.S. crude climbed 84 cents to 34.06 dollars a barrel, having settled up 92 cents.
U.S. crude is also set for almost six per cent weekly gain.