LONDON—Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States and concerns over global economic activity.
Brent crude futures rose 89 cents, or 1.1 percent, to $83.10 per barrel by 1042 GMT. On the anniversary of Russia’s invasion of Ukraine, benchmark Brent crude prices were some 14 percent lower than a year earlier. They hit a 14-year high of nearly $128 a barrel on Mar. 8, 2022.
