LONDON—Oil prices rose in European trading on Friday, lifted by supply concerns as attention turned to next week’s OPEC+ meeting.
Brent crude futures for September settlement, due to expire on Friday, gained $2.34 to $109.48 a barrel by 0933 GMT for its highest since July 5. The more active October contract was up $2.30 at $104.13.
U.S. West Texas Intermediate (WTI) crude futures rose $2.16 to $98.58 a barrel.
Both contracts are set for a second monthly loss, however, down 4.6 percent and 6.8 percent, respectively.
A weaker dollar and stronger equities also lent support on Friday. A fall in the dollar makes oil cheaper for buyers with other currencies….