Brent oil prices soared above $ 61 during the week ending February 13 for the first time this year, aided by upbeat news on Ukraine and Greece and by rebounding economic growth in eurozone powerhouse Germany.
Elsewhere in commodity markets, India overtook China as the world's top consumer of gold, according to newly published industry data. Crude oil prices rallied above $61 on easing tensions surrounding Greece and Ukraine, and as the global economic outlook brightened.
"Prices managed to climb ... As investors reacted positively to the announcement of a ceasefire between Russia and Ukraine after talks mediated by Germany and France proved successful," said Sucden analyst Myrto Sokou.
"Appetite for risk assets was boosted further by the progress between Greece and its creditors regarding any potential renegotiation of the bailout package."