Oil prices rose in early Asian trade on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency (IEA) on oil demand for next year and a weaker dollar.
Brent futures rose 9 cents to USD 76.70 a barrel at 0006 GMT. US West Texas Intermediate (WTI) crude climbed 10 cents to USD 71.68.
Both benchmarks are on track for a modest weekly gain, having been lifted by a mid-week announcement from theUS Federal Reserve that it is likely to cut borrowing costs next year.
