SINGAPORE: Oil prices rose for a second day on Friday, up more than 1% and set for their third weekly gain, on uncertainty about the future of supply from Venezuela and as Iranian unrest increases concerns about output there.
Brent futures gained 83 cents, or 1.3%, to $62.82 per barrel at 0730 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 76 cents, or 1.3%, to $58.52.
Both benchmark prices climbed more than 3% on Thursday, foll
Continue Reading on The Star Malaysia
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.