Brent rises above $103
Brent oil futures rose above $103 a barrel on Friday and are set for the first monthly rise in five months, after comments from Federal Reserve governors that the Fed is in no rush to scale back its massive bond-buying program.
Brent crude oil rose above $110 a barrel on Wednesday after two sessions of losses, as investors switched their focus from fears of a US fiscal crisis to hopes that growth in top energy consumer China will pick up sooner than expected.