NYMEX crude futures achieved a weekly gain – for the third time in a row – by 1.9 percent, the highest level since October 2018.
And Brent crude futures rose 0.3 percent, or 17 cents, to $72.69 a barrel, by 7.43 pm GMT.
Natural gas futures contracts ended trading today, gaining 15 cents, up 4.7 percent, at the level of $3.30 per million British thermal units, with weekly gains greater than 6 percent.
The performance of crude in global markets comes after the International Energy Agency confirmed in its monthly report that the “OPEC +” group of countries It needs to ramp up production to meet demand, with expectations of a recovery and pre-pandemic levels by the end of 2022.
“OPEC + needs to open the taps to maintain adequate supplies from global oil markets,” the agency said.