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Oil prices rose more than 1 dollar a barrel on Friday, under the effect of declining European stocks and reduced production driven by OPEC, despite a report EIA showing the lowest level of growth in demand since the 2008 financial crisis.
Brent crude futures closed the session Friday up $ 1.15, or 2%, to settle at 58.53 dollars a barrel.
US West Texas Intermediate (WTI) crude futures futures advanced $ 1.96, or 3.7%, to $ 54.50 per barrel.
The International Energy Agency said global oil demand from January to May had risen at the slowest pace since 2008, due to growing signs of an economic slowdown and escalating trade war between the United States and China.
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