Oil rises to highest in over seven months

Brent crude settled up US$1.66, or 1.9%, at US$88.49 a barrel, while the US West Texas Intermediate crude (WTI) rose US$1.39, roughly 1.7%, to US$85.02.

SINGAPORE: Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.

Saudi Arabia is widely expected to extend a voluntary one million barrel per day oil production cut into October, prolonging supply curbs engineered by the Organisation of the Petroleum Exporting Countries (Opec) and allies, known collectively as Opec+, to support prices.