India, May 9 -- Crude oil futures moved sharply higher during trading on Friday, extending the strong upward move seen in the previous session.
After surging $1.84 or 3.2 percent to $59.91 a barrel during Thursday's session, crude for June delivery crude for June delivery jumped $1.11 or 1.9 percent to $61.02 a barrel.
With the spike seen over the past two days, the price of crude oil soared by 4.7 percent for the week.
The extended surge by crude oil came amid optimism about a potential U.S.-China trade deal ahead of Treasury Secretary Scott Bessent's talks with Chinese officials in Switzerland this weekend.
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