Oil prices have seen a significant increase, reaching their highest levels in almost a year, with a weekly increase of 8% supported by Saudi Arabia's commitment to reduce its production.
Brent crude settled at $55.99 per barrel, rising by 3% during the day and 8% over the week. Meanwhile, West Texas Intermediate crude settled at $52.24 per barrel, up by 2.8% during the day and 7.7% for the week.
