On Friday, Oil prices rose for a second day as the market reacted to falling US inventories, and signs of strong Asian demand from China and India added support. Brent crude oil futures were up $1.43, 1.93 per cent, at $75.55. U.S. West Texas Intermediate futures were up $1.62,
or 2.2 per cent, at $74.56.

Still, prices on both sides of the Atlantic ended the week little changed, despite significant daily fluctuations. Prices were weighed down early in the week by the collapse of output talks between the Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, together known as OPEC+. US crude and gasoline stocks fell, and gasoline demand peaked since 2019, the US Energy Information Administration said on Thursday, signaling increasing strength in the economy.