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Oil set for second week of gains

Oil prices extended gains on Friday and were on track to rise for a second week on heightened fears that the Israel-Gaza crisis may spread in the Middle East and disrupt supply from one of the world’s top-producing regions.

Brent crude futures was up 75 cents to $93.13 a barrel by 0815 GMT. U.S. West Texas Intermediate crude was at $90.04 a barrel, up 67 cents. The front-month November contract expires on Friday.

The more active December WTI contract was up 81 cents at $89.18 a barrel.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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