Oil rises but set for weekly loss as demand fears outweigh geopolitics - Reuters:
Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions, but prices remained on track for a weekly loss on fears that trade disputes will dent global oil demand.
Brent crude futures were up 66 cents at $61.97 a barrel by 10:57 a.m. EDT (1457 GMT). U.S. West Texas Intermediate crude futures were up 49 cents a barrel at $52.79.
The attacks on oil tankers near Iran and the Strait of Hormuz pushed up oil prices by as much as 4.5% on Thursday.
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