Oil drilling rigs
Oil prices rose on Friday, supported by optimism over the potential for more trade deals between the US and its partners before Aug. 1. 
Brent crude futures for September delivery rose 0.3%, or 20 cents, to $69.38 a barrel as of 8:08 a.m. Makkah time.
US WTI crude (NYMEX) for September — the most active contract — gained 0.25%, or 17 cents, to $66.20 a barrel.
This came after preliminary data from the SP Global survey showed accelerated economic activity growth in both the US and the Eurozone during July, reaching the best levels in 7 and 11 months respectively, supporting the outlook for crude demand.
Markets are anticipating the release of the US oil and gas rig count data from Baker Hughes later today to gauge supply prospects.
Oil drilling rigs
Oil prices rose on Friday, supported by optimism over the potential for more trade deals between the US and its partners before Aug. 1.
Brent crude futures for September delivery rose 0.3%, or 20 cents, to $69.38 a barrel as of 8:08 a.m. Makkah time.
US WTI crude (NYMEX) for September — the most active contract — gained 0.25%, or 17 cents, to $66.20 a barrel.
This came after preliminary data from the SP Global survey showed accelerated economic activity growth in both the US and the Eurozone during July, reaching the best levels in 7 and 11 months respectively, supporting the outlook for crude demand.
Markets are anticipating the release of the US oil and gas rig count data from Baker Hughes later today to gauge supply prospects.
