Brent crude futures rose 16 cents, or 0.2%, to settle at US$72.16 a barrel. US West Texas Intermediate crude futures rose 21 cents, or 0.3%, to US$68.28. — Reuters
NEW YORK: Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh US sanctions on Iran and the latest output plan from the Opec+ producer group raised expectations of tighter supply.
Brent crude futures rose 16 cents, or 0.2%, to settle at US$72.16 a barrel. US West Texas Intermediate crude futures rose 21 cents, or 0.3%, to US$68.28.
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