Oil Prices Rise From Multi-Month Lows on Supply Concerns

An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co., in the Irkutsk region, Russia, on March 11, 2019. Vasily Fedosenko/Reuters

LONDON—Oil prices rose slightly on Friday, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.

Brent crude rose 39 cents, or 0.4 percent, to $94.51 a barrel by 0900 GMT. U.S. West Texas Intermediate crude was up 27 cents, or 0.3 percent, at $88.81.