Brent crude oil futures, for delivery in August, closed the week at $82.62 per barrel, despite a slight drop of $0.13 on the final trading day.
Overall, prices rose by 4.0 percent for the week as investors evaluated strong demand forecasts for oil and fuel in 2024, according to analysts.
International market data indicated that Brent oil futures experienced a 0.13-dollar decline to $82.62 per barrel on the last day of trading.
However, both Brent and the US benchmark saw an almost 4.0 percent increase over the week, marking the largest weekly percentage gain since April.
The benchmarks dipped following a survey that revealed weakened US consumer sentiment in June, reaching a seven-month low.
