SINGAPORE: Oil prices extended gains on Friday after closing at their highest in more than two months in the prior session, amid hopes that governments around the world may increase policy support to revive economic growth that would lift fuel demand.
Brent crude futures rose 22 cents, or 0.3 percent, to $76.15 a barrel by 7:20 a.m. Saudi time, after settling at its highest since Oct. 25 on Thursday. US West Texas Intermediate crude was up 25 cents, or 0.3 percent, at $73.38 a barrel, with Thursday’s close its highest since Oct. 14.