LONDON—Oil prices rose on Friday after the International Energy Agency (IEA) said oil markets were tight, but were still heading for weekly losses on inflation worries and U.S.–Iran which could boost global supplies.
Brent crude futures rose $1.01, or 1.1 percent, to $92.42 a barrel at 1203 GMT, while U.S. West Texas Intermediate crude gained $1.15, or 1.3 percent, to $91.03 a barrel.
