Oil prices rise as geopolitical risks outweigh higher output

Oil prices rose on Friday after recovering earlier losses, as geopolitical risks outweighed the impact of increased crude production.

Brent crude futures climbed $1.14, or 1.23%, to $93.90 a barrel.

US West Texas Intermediate crude gained 70 cents, or 0.81%, to reach $87.23 a barrel.

Both benchmarks had fallen by more than $1 a barrel in early Asian trading and remain on track for a weekly decline.