Oil Prices Pushed Up as Market Weighs Tight Supply Against Recession Fears

A 3D printed oil pump jack is seen in front of displayed stock graph and OPEC logo in this illustration picture on April 14, 2020. Dado Ruvic/Illustration/Reuters

LONDON—Oil prices rose in European trading on Friday, lifted by supply concerns as attention turned to next week’s OPEC+ meeting.

Brent crude futures for September settlement, due to expire on Friday, gained $2.34 to $109.48 a barrel by 0933 GMT for its highest since July 5. The more active October contract was up $2.30 at $104.13.