Oil prices climbed on Friday after France captured a Russian tanker carrying oil across the Mediterranean Sea.
Besides, the drop was fueled by renewed warnings by US President Donald Trump against Iran if it disrupted global crude supplies. Supply concerns were further amplified by production outages in Kazakhstan.
Brent crude futures for March delivery rose $1.68, or 2.6 percent, to $65.74 per barrel by 1910 PKT. US West Texas Intermediate (WTI) crude gained $1.63, or 2.8%, to trade at $60.99 per barrel.
Both oil benchmarks were on track to post weekly gains of above 2 percent. At the time of press, Brent was up 2.54 percent or $1.63 at $65.69 per barrel.
West Texas Intermediate (WTI) was up by 2.56 percent or $1.52 at $60.88 per barrel PKT.
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