Oil prices rise, Brent reaches $84.93 per barrel

Oil prices rose on Friday, with Brent crude futures gaining 70 cents, or about 0.83 percent, to $84.93 a barrel at 0312 GMT, WAM reported.

photo: QAZINFORM

The US West ​Texas Intermediate futures rose 81 cents, or 1.03 percent, to $79.76 a barrel, erasing losses from the ​previous session.

Both benchmark contracts have climbed nearly 12 percent this week, with Brent on track for a third consecutive weekly gain and WTI on pace for a second weekly gain.