The North Sea crude, Europe’s benchmark, closed the session on the Intercontinental Exchange five cents below the $65.99 it registered at the close of trading on Thursday.
Following a significant increase of 5.4% observed on Thursday, Brent slightly receded, although prices remained strong due to the worsening geopolitical situation with the sanctions imposed by the US on major Russian oil companies.
Similarly, the dissemination of information this week regarding US oil and gasoline stocks indicated some strength in demand.
