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Oil prices rose by more than 2% on Friday, their highest level this year, following the shutdown of Saudi offshore oil fields, raising market expectations of tight supply, and progress in the U.S. -China trade negotiations has strengthened confidence in demand.
Brent crude oil futures rose $1.68, or 2.6%, to close at $66.25 a barrel, the highest level since November last year.
U.S. crude oil futures closed up $1.18, or 2.2%, at $55.59 a barrel, hitting a year-high of $55.80 after settlement.
This week, Brent crude oil futures rose more than 6% and U.S. crude oil rose more than 5%, partly because supply has tightened since OPEC and its Russian-led allies began voluntary production cuts last month.


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