In international markets, Brent crude oil futures also rose, supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand from China.
US West Texas Intermediate (WTI) crude futures were at $60.07 a barrel at 1150 GMT, up 23 cents or 0.4 per cent from their last close, after hitting a June 2015 high of $60.32.
Brent crude futures - the international benchmark - were also up, rising 23 cents to $66.39 a barrel. Brent broke through $67 earlier this week for the first time since May 2015.
Since the start of the year, Brent and WTI have risen by 17 and 12 per cent, respectively, although the price rises from mid-2017 are much stronger, at nearly 50 per cent.
Friday's WTI price rises were driven by a surprise drop in US oil production, which last week dipped to 9.754 million barrels per day (bpd), down from 9.789 million bpd the previous week, according to data from the Energy Information Administration (EIA) released late on Thursday.
US output is still up by almost 16 per cent since mid-2016, but most analysts had expected production to break through 10 million bpd by the end of this year - a level only surpassed by top exporter Saudi Arabia and top producer Russia.
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