Oil prices rallied on Friday, extending gains from the previous session following the passage of the debt ceiling bill and amid speculation OPEC and allies might announce a cut in production.
Buoyant non-farm payroll data for the month of May also contributed to the increase in oil prices. Data from the Labor Department showed non-farm employment soared by 339,000 jobs in May after spiking by an upwardly revised 294,000 jobs in April.
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