Analysts say oil prices are approaching breakout levels, and the final day of trading this week will offer clues about whether crude futures can keep rallying.
Brent crude on Friday topped $65 a barrel for the first time this year, hitting a nearly three-month high. The international benchmark for oil prices was pushing toward $66 around 9:45 a.m. ET.
Meanwhile, U.S. West Texas Intermediate crude popped above $55, and was threatening to take out last week’s 2½-month high at $55.75.
