Oil prices in Asian trade climbed near 10-week highs, driven by expectations of tighter supplies due to disruptions in Libya and Nigeria. Additionally, data indicating a decrease in U.S. inflation further bolstered market sentiment.
Brent oil futures increased by 0.3% to $81.54 per barrel, while West Texas Intermediate crude futures rose by 0.3% to $77.12 per barrel as of 21:56 ET (01:56 GMT). Both contracts reached their highest levels since late-April and were poised for a weekly gain of 3.8% to 4.5%, marking their third consecutive week of positive growth.
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