Oil rose above $67 a barrel on Friday, gaining for a fifth session, as a stronger demand outlook and signs of economic recovery in China and the United States offset rising COVID-19 infections in some other major economies. China’s gross domestic product jumped 18.3% in the first quarter from a year earlier, official data showed on Friday. read more On Thursday, figures showed a rise in U.S. retail sales and a drop in unemployment claims. read more “Given the improving outlook for the world’s two biggest economies, there is little chance of the market’s feel-good glow being extinguished any time soon,” said Stephen Brennock of oil broker PVM. Brent crude rose 28 cents, or 0.4%, to $67.22 a barrel at 0750 GMT, heading for a weekly gain of about 7%. U.S. West Texas Intermediate (WTI) crude added 20 cents, or 0.3%, to $63.66. Helping prices rally this week, reports […]