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Oil rises, on track for biggest weekly gain since July

Reuters  |  NEW YORK 

By Jessica Resnick-AultNEW YORK (Reuters) - Oil prices rose on Friday and were headed for their largest weekly gain since July, amid support from concerns over the prospect of Western military action in Syria and reports of dwindling global oil stocks.The prospect of military action in Syria that could lead to confrontation with Russia hung over the Middle East but there was no sign a U.S.-led attack was imminent. Traders sought to lock in long crude positions ahead of the weekend, said John Kilduff, Partner at hedge fund Again Capital Management."The geopolitical jitters just keep getting ...

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First Published: Fri, April 13 2018. 23:54 IST