Oil rises after US Navy destroys Iranian drone
Prices climb after renewal of Mideast tensions but are set for a weekly drop of more than 5%
Tokyo — Oil prices climbed about 2% on Friday after the US Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising tensions in the Middle East.
Brent crude futures were up $1.28c, or 2.1%, at $63.21 by 3.29am GMT. They had dropped 2.7% on Thursday, falling for a fourth day that leaves them still set for a weekly drop of more than 5%...