Oil prices have gone upwards on Friday following expectations that Venezuelan crude exports could soon be disrupted with rising turmoil in the region.
Brent crude oil futures were at $61.62 a barrel, 53 cents above their last close.
U.S. West Texas Intermediate crude futures were at $53.70 per barrel, up 57 cents.
However, global oil markets are still well supplied, mainly attributed to surging output in the United States, where crude production rose by more than 2 million barrels per day last year to a record 11.9 million bpd.
