Oil prices rose again on Friday, and U.S. oil and oil distribution returned above the $63 and $70 levels, respectively. Despite the weakening trend of oil prices due to the continued increase in US crude oil supply, the steadily advancing production cuts by non-OPEC producers such as OPEC and Russia continued to support oil prices, while the new round of economic sanctions imposed by the United States on Iran and Venezuela also reduced the market's crude oil supply, especially during the power cuts in Venezuela, according to sources. It has reached 50%. Plus yesterday's positive non-agricultural data boost and optimistic market expectations for Sino-US trade talks have boosted oil prices. However, the large increase in active drilling has left bulls concerned, limiting some of the oil price increases.

As of April 5, WTI was up 0.98 to 63.08 and Brent was up 0.94 to 70.34. Shanghai crude oil futures are closed for the Qingming Festival.