Oil prices on Friday rose for the second day of light trading due to supply worries and economic optimism driven oil prices rebounded from the 7% decline in earlier this week. 

Brent crude oil futures rose above $ 111 a barrel, but this week fell 4.5% due to three days before crash tumbled from $ 116 to $ 108 increase in the U.S. stock and Saudi efforts to suppress oil prices. 

Weeks before the market are worried that rising oil prices and fuel costs, the impact of the downturn in the U.S. economy, which has prompted investors expected the White House may be the use of strategic oil reserves to drive down the price of oil. 

North crude oil exports continued to postpone and exacerbate supply worries. 

Some analysts said the market outlook, U.S. crude oil futures are expected to stabilize in the new trading range of 90-100 dollars. 

Spain may obtain relief and optimism for the implementation of reform measures on oil prices also have a supporting role. 

November Brent crude oil futures LCOc1 settled up $ 1.39 at $ 111.42 settlement rose further to $ 111.62 intraday futures rose through the 50-day moving average of about $ 111.18 traders focused on the technical indicators. 

U.S. November crude oil futures CLc2 rose 0.47 U.S. dollars to settle at $ $ 92.89 day high reported $ 93.84 in recent months, U.S. crude oil futures fell 6.2 percent this week. Brent crude oil futures representing a premium of U.S. crude oil futures rose $ .90 to $ 18.50. Turnover light U.S. crude oil futures trading volume is about 30% lower compared with the 30-day average Brent crude oil futures trading volume over the 30-day average of over 20%.