NEW YORK—Oil prices rose more than 1 percent on Friday as U.S. sanctions against Iran looked set to tighten supply, but futures remained lower for the week as investors worried that global trade disputes could slow economic growth and hurt demand for energy.
Benchmark Brent crude oil was up 90 cents at $72.96 a barrel by 1:56 EDT. U.S. light crude was 78 cents higher at $67.59 a barrel.
