Singapore, January 23 (QNA) - Oil prices rebounded on Friday, fueled by concerns that the United States might take military action against Iran, a move that could disrupt supplies.
Brent crude futures for March rose 35 cents, or 0.55%, to $64.41 a barrel. US West Texas Intermediate crude rose 33 cents, or 0.56%, to $59.69 a barrel.
Both contracts slumped about 2% on Thursday. They rebounded after US President Donald Trump toldآ reportersآ that the US has an "armada" heading toward Iran but hoped he would not have to use it.
Iran is the fourth-largest producer in the Organization of the Petroleum Exporting Countries (OPEC). (QNA)