Things are looking swell for US oil futures on Friday’s session as the whole oil forward curve pushed above $50 per barrel as the financial markets have hinted to have growing confidence in the crude oil sector again.

With both front-month contracts for US West Texas Intermediate (WTI) and Brent oil tacking above $50 per barrel and each forward curve in contango—in which contracts for future delivery are more costly than those for instant sale, the entire crude futures complex has  returned to levels over $50.