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Oil prices just shy of multi-year highs

Oil traded just below multi-year highs on Friday as Germany's chancellor and the U.S. Federal Reserve chairman said demand disruptions from COVID-19 may not be over.
 
Brent crude futures rose 76 cents, to $85.36 a barrel after Thursday's three-year high of $86.10. 
 
The benchmark is set for its seventh weekly gain.
 
U.S. West Texas Intermediate crude futures gained $1.13, to reach $83.63 a barrel, not far off a seven-year high hit this week. 
 
The grade is heading for its ninth weekly rise.


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