Oil rises over $1 on Friday

MELBOURNE, (UrduPoint / Pakistan Point News / WAM - 01st May, 2026) Oil prices rose on Friday, extending recent gains.

Brent crude futures for July rose $1.19, or 1.08 percent, to $111.59 a barrel by 0149 GMT, while West Texas Intermediate futures were up ​39 cents, or 0.37 percent, to $105.46.

Both benchmarks have posted gains across ​four straight months, with Brent's June contract, which expired on ⁠Thursday, hitting $126.41 a barrel, the highest since March 2022.