Oil Prices on Track for First Weekly Rise in 2 Months

General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, N.J., on March 30, 2020. Mike Segar/Reuters

LONDON—Oil prices rose 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 21 cents to $76.82 a barrel at 0918 GMT. U.S. West Texas Intermediate (WTI) crude also climbed 21 cents, to $71.79.