Oil Extends Gains as Supply Fears Outweigh China Lockdowns

A worker collects a crude oil sample at an oil well operated by Venezuela's state oil company PDVSA in Morichal, Venezuela, on July 28, 2011. Carlos Garcia Rawlins/Reuters

LONDON—Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19 lockdowns in China, the world’s biggest crude importer.

Brent crude futures rose by $1.90, or 1.8 percent, to $109.49 a barrel by 1127 GMT after gaining 2.1 percent in the previous session. The front-month June contract expires later on Friday. The more active July contract rose by 94 cents to $104.41.