The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) finished the week off in style, rising 1.1%.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1%
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1%
  • AUD/USD at US 70.08 cents
  • Iron Ore at US$41.29 according to The Metal Bulletin
  • Gold at US$1,101.04 an ounce
  • Brent oil at US$29.56 a barrel – up 6%

The ASX rallied following mostly positive leads from international markets overnight, which were in turn boosted by resilience in commodity prices. Oil futures rose 6% to $US29.56 a barrel despite expectations of further falls, leading markets higher.

After a tumultuous few weeks, shares of BHP Billiton Limited (ASX: BHP) lead the ASX higher, rising 7.4%. Shares of fellow energy companies Santos Ltd (ASX: STO) and Karoon Gas Australia Limited (ASX: KAR) rallied 10%.

Treasury Wine Estates Ltd (ASX: TWE) and Medibank Private Ltd (ASX: MPL) issued trading updates to the market and rose 17% and 11.6%, respectively.

At the other end of the spectrum, Incitec Pivot Ltd (ASX: IPL) fell 8.6% while UGL Limited (ASX: UGL) fell 4%.

Here are Friday’s top stories:

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Motley Fool writer/analyst Owen Raszkiewicz owns shares of ResMed Inc.. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.