Sentiment was not helped by Saudi Arabia reporting it pumped a record 10.67bn barrels of oil a day in July
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Brent added 2.2% to US$45.30 while WTI rose to US$42.95 per barrrel
In early trading on Friday, Brent crude was priced above US$43 with WTI holding around US$41 a barrel.
The light crude price was 1.5$ higher at US$41.47.
Crude stockpiles fell by 1.34mln barrels, according to the American Petroleum Institute.
In London trading Brent crude gained 2% to change hands at around US$43 per barrel.
Crude and WTI fell more than 2% at the start of the week.
There’s no way of hiding the over-supply of oil on the market.
Oil major held its interim dividend steady but may face pressure to cut it eventually
The bank increased its projection to US$43 from US$41 due to supply disruption and buoyant demand
The price of a barrel of Brent crude dropped 0.5% to US$44.49
The price of a barrel of Brent crude tumbled by 1.8% to US$44.86, back below the US$45 mark
Oil price gets US inventory boost as decline extends to nine weeks
A few months of better prices have seemingly improved the outlook for some major industry players.
The price of a barrel of Brent crude declined 2.1% to US$46.61
The commodity has certainly picked up momentum in recent months, but appears now to have the mid summer blues.