Oil prices firmed yesterday despite a recovery in the USD amid waning concern that President Trump may remove Federal Reserve Chairman Jerome Powell from his position. Some fairly supportive US macro data also supported the oil.

Drones struck oilfields in Iraqi Kurdistan on Thursday, with officials pointing to Iran-backed militias as the likely source of attacks this week that have slashed the region's oil output by more than half.

Crude oil futures bounced back on surprisingly strong US economic data, falling US stockpiles, and drone attacks on oil infrastructure in Iraq's Kurdistan region.