Oil prices are expected to show a strong weekly finish, with Brent, the international benchmark, trading above $75 per barrel on the final day of trading.
The benchmarks have gained more than 11 per cent since Opec+ on July 18 agreed to bring more supply to the market.
Brent, under which two thirds of global crude is priced and traded, was up 0.28 per cent, trading at $76.26 per barrel at 5.42pm UAE time. West Texas Intermediate, which tracks US crude grades, was up 0.18 per cent at $73.75 per barrel.
Brent was headed for a strong finish, gaining 3.8 per cent over the course of the week. WTI meanwhile is expected to settle with a weekly gain of 2.3 per cent on Friday.
Both benchmarks clawed back losses amid growing demand for crude, despite higher cases of the Covid-19 Delta variant in several parts of the world.
"The outlook for the recovery remains very positive so oil should remain well supported and I wouldn't be surprised to see crude prices taking a run at those July highs next week," said Craig Erlam, senior market analyst at Oanda Europe.
"Whether it can overcome them may depend on whether investors can bounce back quickly after today's declines," he said.
Oil prices have gained about 50 per cent since the start of the year as countries press on with vaccination programmes and major economies reopen.
Earlier this month, Opec+, led by Saudi Arabia and Russia, extended its agreement until the end of December 2022. The group reached a consensus over the phasing out of 5.8 million bpd of withheld supply after weeks of deadlock and will review the pact at the end of the year.
Oil prices quickly recovered from the fall, and have since clawed back their losses amid indications of higher demand during the second half of the year.
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Tips to avoid getting scammed
1) Beware of cheques presented late on Thursday
2) Visit an RTA centre to change registration only after receiving payment
3) Be aware of people asking to test drive the car alone
4) Try not to close the sale at night
5) Don't be rushed into a sale
6) Call 901 if you see any suspicious behaviour
Hili 2: Unesco World Heritage site
The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.
UAE currency: the story behind the money in your pockets
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UAE currency: the story behind the money in your pockets
Can NRIs vote in the election?
Indians residing overseas cannot cast their ballot abroad
Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency
There are about 3.1 million NRIs living overseas
Indians have urged political parties to extend the right to vote to citizens residing overseas
A committee of the Election Commission of India approved of proxy voting for non-resident Indians
Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.
This option is currently available for the armed forces, police and government officials posted outside India
A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians
However, this did not come before the upper house or Rajya Sabha and has lapsed
The issue of NRI voting draws a huge amount of interest in India and overseas
Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online
The Election Commission of India then clarified that NRIs could not vote online
The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation
