Brent crude futures climbed above $110 a barrel for the first time since early April on Friday, as upbeat economic data raised the prospects for better global oil demand amid supply disruptions in Africa and Iraq.
U.S. manufacturing grew in July at its fastest pace in two years, while a China industrial index beat expectations this week. European factories also snapped two years of output declines, suggesting a euro zone recession may be near its end.
A commitment to easy monetary policy by European central banks and the Federal Reserve also boosted oil prices.
Currently ICE Brent trading at $109,20 with Nymex Crude at $ 107,73.