Benchmark crude up $ 1.33 to finish the day at $ 87.40 per barrel in New York. Brent crude, used for international oil prices, falling type 20 cents to end at 109.56 dollars a barrel in London.
The benchmark price for crude oil rises as European Finance Ministers approve the next round of bailout loans to Greece, to head off default disaster that could affect other countries in the region and slow down their economies.
In the US, the Government said the unemployment rate fell in half the States last month when hiring picks up. Pointing to the increasing demand for oil and gas as unemployment line shrinks.
On Wall Street, stocks surged after a strong earnings report. The Dow Jones industrial average rose more than 220 points, or 2 percent, in afternoon trading.
At the pump, gasoline prices fell less than a penny Friday to the national average of $ 3.468 per gallon. Pump prices are around 64 cents higher than last year. Drivers in the West and Northeast are paying the highest price for gas. Lowest price in the South.