Crude oil futures surged on Friday to their highest since February, with global benchmark Brent crude rising above $60 per barrel, on support among the world's top producers for extending a deal to rein in output and as the dollar retreated from three-month peaks. Saudi Arabia and Russia declared their support for extending an OPEC-led deal to cut supplies for another nine months. Traders even over looked report from oil services firm Baker Hughes, which said that the number of rigs drilling for oil in the US rose this week by one to 737.

Benchmark crude oil futures for December delivery ended higher by $1.26 or 2.4 percent at $53.90 a barrel on the New York Mercantile Exchange. However, Brent crude for December delivery gained $1.14 or 1.9 percent to $60.44 a barrel on the ICE.

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