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Oil prices extend gains on lower US fuel inventories.
Brent crude futures last gained 79 cents, or 1%, to $79.48 a barrel at 0203 GMT, after settling up 85 cents at $78.69 on Thursday.
Oil prices rose around 1% on Friday, extending gains from the previous trading session after data showed lower fuel inventories following a winter storm that hit the United States at the year end.
Brent crude futures last gained 79 cents, or 1%, to $79.48 a barrel at 0203 GMT, after settling up 85 cents at $78.69 on Thursday.
U.S. West Texas Intermediate crude futures were also up 80 cents, or 1.1%, at $74.47 a barrel. They had settled 83 cents higher at $73.67 in the previous session.
