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Brent crude settled at $91.17 a barrel, up 52 cents, or 0.57%.
U.S. West Texas Intermediate crude finished at $86.91 a barrel,
up 32 cents, or 0.37%.
Both benchmarks settled on Thursday at their highest levels
since October.
Brent and WTI are set to notch more than 4% gains this week
after Iran, the third-largest OPEC producer, vowed revenge
against Israel for an attack that killed high-ranking Iranian
military personnel.
"If Iran directly attacks Israel, that's never happened before,"
said Phil Flynn, an analyst at Price Futures Group. "It's just
another geopolitical risk domino about to fall."
Israel has not claimed responsibility for the attack on Iran's
embassy compound in Syria on Monday.
Ongoing Ukrainian drone attacks on refineries in Russia may have
disrupted more than 15% of Russian capacity, a NATO official
said on Thursday, hitting the country's fuel output.
The Organization of the Petroleum Exporting Countries (OPEC) and
allies led by Russia, known as OPEC+, this week kept its oil
supply policy unchanged and pressed some countries to increase
compliance with output cuts.
"Further clampdowns on adherence to quotas should see output
fall further in Q2," ANZ analysts Daniel Hynes and Soni Kumari
wrote in a note.
"The prospect of a tighter market should see a drawdown in
inventories during the second quarter."
Meanwhile, U.S. job growth soared in March, easily beating
expectations, according to official data released on Friday
which also showed a steady increase in wages.
The gain of 303,000 jobs last month points to likely robust oil
demand but potentially delays anticipated interest rate cuts by
the U.S. Federal Reserve later this year.
Global oil demand is expected to grow by 1.4 million barrels per
day (bpd) in the first quarter, JPMorgan analysts wrote in a
note.
U.S. energy firms this week cut the number of oil and natural
gas rigs operating for a third week in a row for the first time
since October, energy services firm Baker Hughes said in its
closely followed report on Friday.
The oil and gas rig count, an early indicator of future output,
fell by one to 620 in the week to April 5, the lowest since
early February.
(Reporting by Erwin Seba; Additional reporting by Ahmad Ghaddar,
Noah Browning, Florence Tan; editing by Kirsten Donovan, David
Gregorio, Josie Kao and Paul Simao)
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