Oil Prices Rise, but Chinese Demand Worries Linger

A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port on the shore of Nakhodka Bay near the port city of Nakhodka, Russia, on Aug. 12, 2022. Tatiana Meel/Reuters

LONDON—Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.

Brent crude futures were up $1.29, or 1.5 percent, to trade at $86.63 a barrel at 1024 GMT.