Markets were turbulent due to indications of an escalation in the Russian-Ukrainian conflict and news of a fire at a nuclear power plant in Ukraine, before the authorities announced that the fire broke out in a building used for training and extinguished.
Brent crude rose to 114.23 dollars a barrel, and it rose 63 cents, or 0.6 percent, to 111.09 dollars a barrel, and West Texas Intermediate crude rose 64 cents, or 0.6 percent, to 108.31 dollars a barrel, following touching 112.84 dollars a barrel.
Oil prices recorded their highest levels in 10 years this week and are heading for the strongest weekly gains since mid-2020, with US crude rising more than 18% and Brent crude 13%.
It is expected that more oil supplies will be pumped into the market following a coordinated withdrawal of oil stocks in developed countries amounting to 60 million barrels.
