Oil Updates — Crude climbs; US drillers add oil and gas rigs; EU proposes changes to planned Russian embargo
RIYADH: Oil prices rose nearly 1.5 percent on Friday, posting a second straight weekly increase as impending EU sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.
Brent futures rose $1.49, or 1.3 percent, to settle at $112.39 per barrel. US West Texas…
