Market Watch reports in its article Oil prices rebound as U.S., China trade tensions ease for now that the market saw a "nice relief rally...after U.S. officials backpedalled on a trade war with China over the weekend", said Colin Cieszynski, chief market strategist at SIA Wealth Management Inc.
Not all oil market indicators pointed to ongoing price rises, however.
Watch Manisha Gupta share insights into crude demand-supply, and what will drive prices.
John Kilduff, founding partner at energy hedge fund Again Capital, told CNBC U.S. crude prices could be heading to $70/Bbl after breaking through the previous 2018 high of $66.66/Bbl.
Although Syria itself is not a significant oil producer, the wider Middle East is the world's most important crude exporter and tension in the region tends to put oil markets on edge.
The latest Middle East-related political risk factor is related to events in Syria, where a military confrontation may be brewing with the U.S. on the one side and Russia, Syria and Iran on the other. "But we also had Saudi Arabia shooting down missiles last night", said George Wilkes, an analyst at Sucden in London.
Wet weather into the weekend; even cooler changes
A line of storms are expected to move across the region by 5-8 a.m. and move east toward I-65 by late Saturday afternoon. Severe thunderstorms will be possible in advance of the cold front this afternoon through this evening and overnight.
Light, sweet crude for May delivery advanced 25 cents, or 0.4%, to $67.07 a barrel on the New York Mercantile Exchange, closing at the highest level since December 2014.
While global oil prices stabilised on Friday, they continue to pose worries for governments and consumers around the world, with fears that they could touch the $80 a barrel mark in about a year.
"Geopolitical risks outweighed an unexpected rise in inventories in the US", ANZ bank said on Thursday.
The Organization of the Petroleum Exporting Countries and 10 countries outside the oil cartel, including Russian Federation, have been holding back crude output by 1.8 million barrels a day since the start of a year ago.
The morning price spike was completely due to the Trump tweet, which left the market to figure out the President's meaning, according to Kilduff.
The current deal, under which OPEC and non-OPEC producers are cutting supply by about 1.8 million barrels per day, expires in March 2018.
Under Sessions's approach, US attorneys in states where pot is legal were given approval to prosecute cases where they see fit. Huckabee Sanders told reporters on Friday at the White House, adding, "the President is a firm believer" in states' rights.
Attorney General Jeff Sessions fired McCabe on March 16, less than two days before he was set to retire. McCabe had been a frequent target of President Trump , who accused him of bias against the president.
Medical experts say hip replacement patients are usually back to their normal lifestyle, free from pain, after a few weeks. Queen Elizabeth II's husband had been admitted to hospital on April 3 to undergo a planned procedure the following day.
It was a two-day interrogation with dozens of questions - some of them acute, some of them rambling, a few quite weird . There are multiple articles showing you how to change your privacy settings and even delete Facebook altogether.
She says Haynes then pulled out a gun, pointed it at her stomach, and threatened to shoot her and her sister. As they left the airport, Phipps gave Snipes her phone number and told her to call if she needed anything.
The first is in the same style as the Night on Endor Update that we're releasing on April 18th, and the second is Seasons. Over 50 additional Appearances to personalize your units and heroes will be made available in this update .
Is Trump Standing Down in Syria?
In the UK , Cabinet ministers said that it was "highly likely" the Assad regime was responsible for the attack. The White House also confirmed that Trump had spoken with French President Emmanuel Macron .
Cavaliers' rotation and starting lineup against Pacers
While in Miami, LeBron and his amigos beat the Pacers in consecutive years - 2013 and 2014 - in the Eastern Conference finals. Can it be done? Cleveland has been one of the NBA's worst defensive teams this season and ranks 29th in defensive efficiency.
Mets catcher Travis d'Arnaud to have Tommy John surgery
Outfielder Brandon Nimmo also returns following a brief stay in Vegas, while right-hander Jacob Rhame was optioned to the 51s. Tomas Nido , recalled from Double-A Birmingham on Wednesday, figures to take over as the primary catcher in the interim.
Supreme Court to examine Shanti Bhushan's PIL on rosters
The observation by the bench came after Dave said, "Four of your colleagues have publicly took note of the failure of the system". Government owes a duty to take a call on the recommendation as soon as the same in sent from the Collegium.
Hero, Dabur offer to invest Rs 1250 crore in Fortis
Other potential bidders are Radiant Life Care, which is backed by KKR & Co, and Dubai-based VPS Healthcare. Earlier in the day, the Fortis stock jumped over 4% on expectations of a formal announcement by IHH.
Paul Ryan endorses Kevin McCarthy as next speaker
He his support behind his current deputy, House Republican leader McCarthy of California, to take over as House speaker. For one thing, an outside candidate like House Freedom Caucus head Jim Jordan could throw a wrench into the race.
Secret BioShock Game Reportedly in Development
This past year was a turbulent time for the studio, as it floundered while trying to figure out what its next game would be. Some, it seems, have moved over to another top-secret 2K studio to work on the next Bioshock game.
Google loses 'right to be forgotten' case
Google had refused to remove the links, leading NT2 and another man known as NT1 to take the company to court. However, search engines can decline to remove pages if they judge them to remain in the public interest.
Sea of Thieves content expansions detailed
The initial launch will be a timed event, but once the new threat is added to the world it will be a permanent fixture. Up first is " The Hungering Deep " in May, which will introduce a new threat for players to deal with.