SINGAPORE: Oil prices rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though prices are set for weekly losses amid expectations of fewer U.S. interest rate cuts this year.
Brent crude futures climbed 75 cents, or 0.84%, to $90.49 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude futures rose 87 cents, or 1.02%, to $85.89.
