Oil climbs as dollar slips and supply risks linger
SINGAPORE: Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s Covid outbreaks kept a check on prices.
Brent crude futures were up $1.84, or 1.9%, to $96.51 a barrel at 0740 GMT. The contract is headed for a weekly climb of more than 0.5%.
US West Texas Intermediate (WTI) crude futures were up $1.94, or 2.2%, at $90.11 a barrel, on course for a weekly gain of more than 2%.
