On Friday morning, oil prices moderated after a strong rally the previous day, with the market on track to end the week with its biggest gain since early June.

Brent crude December futures on the London ICE Futures exchange stood at $65.73 per barrel, down $0.26 (0.39%) from the previous session’s close. On Thursday, Brent contracts had surged $3.40 (5.4%) to $65.99 per barrel.

Meanwhile, WTI crude December futures on the NYMEX electronic trading platform fell $0.27 (0.44%) to $61.52 per barrel, after rising $3.29 (5.6%) to $61.79 per barrel in the prior session.