Oil prices were on track for a weekly decline as the Iran-Israel ceasefire eased concerns about supply disruptions in the Middle East. However, prices edged higher on Friday amid rising fuel demand driven by the start of the U.S. summer driving season.
Brent crude futures increased by 34 cents, or 0.5%, to $68.07 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 33 cents, or 0.51%, to $65.57 a barrel as of 0111 GMT.