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Oil climbs on tightening supply

Oil climbs on tightening supply
# 14 April 2023 09:52 (UTC +04:00)

 Oil prices rose on Friday on signs of lower Russian output and tighter supplies, with the market looking ahead to the International Energy Agency's (IEA) monthly report later in the day to clarify the global demand outlook, APA-Economics reports citing Reuters.

Brent crude futures climbed 34 cents, or 0.39%, to $86.43 per barrel by 0347 GMT. West Texas Intermediate crude futures (WTI) rose 40 cents, or 0.49%, to $82.56.

Both benchmarks fell more than 1% in the previous session.

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