SINGAPORE—Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record oil consumption bolstered the view that demand in the world’s second-largest crude consumer will continue to surge.
Brent crude futures rose 65 cents, or 0.7 percent, to $94.35 as of 0630 GMT, while the U.S. West Texas Intermediate crude (WTI) was up 67 cents, also 0.7 percent, at $90.83.
