Oil prices extend gains after biggest daily climb in 6 yrs

US crude futures are on track for first weekly gains, ending the longest losing streak since 1986.

Crude oil futures were higher on Friday, adding to the biggest one-day rally in over six years.

US crude futures are on track for first weekly gains, ending the longest losing streak since 1986.

 October Brent crude was up 44 cents, or nearly 1 per cent, at $48 per barrel.

US crude was 80 cents, or nearly 2 per cent, higher at $43.36 per barrel.