The oil market ended the day on a high note

[gnutrade.satya]

The oil market ended the day on a high note marking the strongest weekly gains in two months as data showing a rise in business spending lifted markets. Oil was boosted by a surprise rise in Germany's Ifo index of business sentiment.
Phil Flynn, analyst at PFGBest Research in Chicago said: "The increased odds of quantitative easing (by the Fed) adds to the expectation that the dollar will be weaker. The market seems to have priced in the high inventories and weak demand and turned its focus back to the dollar."
A barrel of crude oil for October delivery settled up $1.31 to settle at $76.49.