Oil prices climb over 2%, ending three-day losing streak

Oil prices rose by more than 2% at the close of trading on Friday, ending a three-session losing streak.

Brent crude futures increased by $1.86, or 2.1%, to settle at $89.70 per barrel.

US West Texas Intermediate crude futures also gained $1.30, or 1.6%, closing at $83.53 per barrel.