Oil prices rise

DLondon - Brent crude was on track for its third

weekly gain on Friday, supported by an

optimistic report from the International Energy

Agency.

Still, analysts cautioned that a large glut of oil

remained, with Goldman Sachs warning that U.S.

crude could saturate storage in the coming

monLondon - Brent crude was on track for its third

weekly gain on Friday, supported by an

optimistic report from the International Energy

Agency.

Still, analysts cautioned that a large glut of oil

remained, with Goldman Sachs warning that U.S.

crude could saturate storage in the coming

months.

U.S. crude futures were trading at 38.64 dollars a

barrel, up 80 cents from their last close, having

hit a 2016 high of 38.96 dollars earlier in the day.

Brent crude futures were at 40.65 dollars a

barrel, up 60 cents, and on track for their third

weekly gain in a row.

"We expect a decision next week on imposing

sanctions on these three," said one EU diplomat.

He stressed that EU foreign ministers are not

expected to decide on Monday but that a

decision could come later in the week.

Source:  Vanguard