Oil Rises from Two-Month Highs on Optimism Over Policy Support for Growth

OIL PRICE - SINGAPORE. Oil prices extended their gains on Friday after closing at their highest in more than two months in the previous session on hopes governments across the world may increase policy support to revive economic growth that would lift fuel demand.

Brent crude futures rose 16 cents, or 0.2%, to $76.09 a barrel by 0132 GMT after settling at its highest since Oct. 25 on Thursday. U.S. West Texas Intermediate crude was at $73.32 a barrel, up 19 cents, or 0.3%, with Thursday's close its highest since Oct. 14.