Benghazi – Oil prices rose on Friday. They are set to record their first weekly gains. This follows three consecutive weeks of losses. Concerns are growing about a potential conflict between the United States and Iran. Washington has warned Tehran about the consequences.
This warning concerns a failure to reach an agreement on its nuclear activities. The deadline is in the coming days. Brent crude futures rose by 33 cents. This is equivalent to 0.5 percent. It reached $71.99 per barrel. US West Texas Intermediate crude also climbed.
It increased by 62 cents, or 0.9 percent. It reached $67.05 per barrel. This rise was supported by market anticipation of geopolitical developments.