Investors preparing for decisions by OPEC and its allies and the continuation of Iranian nuclear negotiations in Vienna next week. Thus, oil prices ended up.

On Friday, the price of a barrel of Brent North Sea oil for August delivery ended at $76.18 in London, up 0.82% or 62 cents from Thursday's close. In New York, a barrel of WTI for the same month gained 1.02% or 75 cents, to $74.05. These are the highest closing highs for both benchmark contracts since October 2018 and their fifth consecutive weekly rise. The crude market is also looking to Vienna, where Iran is still engaged in tough negotiations involving Britain, China, Germany, France and Russia to find common ground with states. United on its nuclear program. The latter believe that an agreement is still possible, although the talks have not yet brought the positions closer, a US State Department official said on Thursday.