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Singapore, July 17 (QNA) – Oil prices rose on Friday amid renewed tensions between the United States and Iran and concerns about disruptions to crude supplies through the Strait of Hormuz.
Brent crude futures rose $1.05, or about 1.25 percent, to $85.28 a barrel in Asian trading.
US West Texas Intermediate crude futures also went up $1.03, or about 1.3 percent, to $79.98 a barrel.
Both benchmarks posted weekly gains of about 12 percent. (QNA)
