Crude oil prices, Oct. 24 -- From a five-month low to now, poised for posting the best weekly gain since mid-June, crude oil prices have seen a sharp turnaround. Brent and WTI crude prices stabilised on Friday, October 24, after a 5% rally seen on Thursday.

For the week, both benchmarks are higher by about 7%, set to record their biggest weekly jump in four months.

Brent crude futures rose 46 cents, or 0.7%, to $66.45 by 1125 GMT. U.S. West Texas Intermediate crude futures also advanced 46 cents, or 0.7%, to $62.25.

Multiple factors drove the crude price rise, but main was the main trigger was the US sanctions on Russia's two biggest oil companies - Rosneft and Lukoil.

U.S. President Donald Trump on Thursday imposed sanctions on Russi...