Oil jumped on US dollar weakness

International benchmark for crude oil climbed higher on Friday, 14 May 2021 on the back of weaker US dollar after the Federal Reserve said there would be no "imminent move to tighten monetary policy in the world's biggest economy." However, the gains are capped by the continued raging pandemic in India.

Brent jumped $1.66 or 2.42%, to $68.71/barrel.

WTI gained $1.55, or 2.37%, to $65.37/barrel.