oil prices ended the week higher on Friday, recovering in the last session of the year despite an unexpected rise in US crude stocks, recession fears and call for concerns due to a resurgence of Covid-19 infections in the world’s largest crude oil importer, China.
Brent, the benchmark for two-thirds of the world’s oil, was up 2.94 percent to $85.91 a barrel at Friday’s close, while West Texas Intermediate, the measure of U.S. crude, was up 2.37 percent to 80.26 USD per barrel appreciated. .
