Since August 27, Brent and WTI futures showed the highest rise in the recent six years.
At the International Currency Exchange (ICE), Brent futures for October delivery were up 5.3% to $50 a barrel. At the New York Mercantile Exchange (NYMEX), WTI futures contracts for October delivery grew in price by 6.6% to $45 a barrel.
So on Friday, the crude market showed a sharp increase in the quotes for the second day following the Thursday jump of 10%.
As a result of the previous week, Brent crude added 10.2% in price, while WTI oil price advanced by 11.8%. This is the highest weekly jump in the black gold quotes since March 2009.
