LONDON—Oil prices gained more than $1 on Friday and were on track to rise for a second week on heightened fears that the Israel-Gaza crisis may spread in the Middle East and disrupt supply from one of the world’s top-producing regions.
Brent crude futures was up $1.23 to $93.61 a barrel by 1116 GMT. U.S. West Texas Intermediate crude was at $90.60 a barrel, also up $1.23. The front-month November contract expires on Friday.
