LONDON—Oil rose on Thursday as the prospect of heightened geopolitical risks outweighed recession fears after a flurry of central bank interest rate hikes, including from the Bank of England.
Brent crude futures were up 70 cents, or 0.78 percent, to $90.53 per barrel by 1054 GMT, while U.S. West Texas Intermediate (WTI) crude was up 71 cents, or 86 percent, at $83.65.
