SINGAPORE—Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of about 1 percent after China announced plans to sell crude from its strategic reserves.
Brent crude futures for November rose 44 cents, or 0.6 percent, to $71.89 a barrel by 0324 GMT. U.S. West Texas Intermediate (WTI) crude futures for October was at $68.49 a barrel, up 35 cents, or 0.5 percent.
