U.S. crude oil inventories fell by more than expected last week and product stockpiles were mixed as refineries raised their capacity use, according to EIA data.
Major indexes, which had barely budged Thursday, remained on track to finish little changed for the weekβand are closing in on strong full-year gains.
Moves in currencies, especially in the euro and sterling against the dollar, suggest investors are tending to sell the dollar at year-end, Jefferies said.
Oil gained on market optimism around a recovery in demand for crude from China, with government support measures expected to crystallize over 2025, XS.com said.
Gold settled down 0.8% Friday, snapping a two session winning streak, and silver fell 1.3%, snapping a four session winning streak. Both metals also posted weekly losses.