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Crude settled at $58.24 a barrel.
United States crude settled at $88.91, gaining 85 cents.
Brent crude settled at $105.96 a barrel, gaining $1.04.
Light crude settled at $80.30 a barrel on the New York Mercantile Exchange.
After his comments US crude settled at $93.57 a barrel.
Benchmark international crude settled on Friday at $47.83 a barrel.
The August contract for light crude settled up 54 cents at $94.17.
On Wednesday, the price of the benchmark American crude settled at $107.07 a barrel.
Crude settled up 57 cents, to $69.83 a barrel, on the New York Mercantile Exchange.
Brent crude settled up $2.72, or 5.9%, at $48.69 a barrel, hitting a more than two-week high of $48.96.
Extending its slide into a third day, light crude settled down 59 cents to $118.58 a barrel on the New York Mercantile Exchange after the government reported a jump in domestic inventories.
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