Oil prices rose on Friday to extend gains from the previous session, as data showing a fall in U.S. crude stocks outweighed demand worries. Lackluster data on China's factory activity also spurred hopes of more policy stimulus.
Benchmark Brent crude futures rose half a percent to $74.93 a barrel, while WTI crude futures were up half a percent at $70.21.
Oil prices remain on course for a fourth straight quarterly decline on concerns over a global economic downturn and fuel demand.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.