Oil price in fourth weekly gain

Brent is Friday trading at forty one dollars thirty three cents as it caps gains after touching new highs for 2016 Friday morning.
International Oil prices are set to post gains for a fourth straight week on growing optimism that major producers would strike a deal to freeze output.
The oil price has also been helped by a more benign interest rate environment as prices continue to draw support from a softening dollar.
This follows after a Federal Reserve policy decision on Wednesday indicating two US rate hikes this year instead of the expected four.