Increased consumer spending in the United States and Spain’s apparent progress towards economic stability were suggested as the drivers of crude oil's latest wriggle higher today.
These positives have been taken by oil traders as a sign of greater stability and potentially greater demand.
Earlier today oil traders in London saw Brent future above $113 a barrel to later calm nearer the $112 mark, US light sweet crude futures meanwhile are changing hands a $91.6.
This comes at the end of a volatile week of politics and macroeconomics that has seen growing tensions between Iran and Israel, Eurozone sentiment swing back and forth and a slight improvement in America where oil stockpiles dropped back and personal spending rise.
And after falling by around a fifth during the spring quarter Brent Crude is expected to record its strongest quarterly rise since late 2010/early 2011.