Oil Prices Set for a Second Weekly Gain After Brent Breaks $91

Crude oil prices were on track to book their second weekly gain in a row, driven higher by geopolitics and supply concerns. Early on Friday morning, Brent was trading above $91 per barrel and West Texas Intermediate was closing in on $87 per barrel. The rally came amid reports that Russia may have temporarily lost as much as 15% of its refining capacity because of Ukrainian drone attacks and Iran vowed to exact revenge on Israel for the strike of its consulate in Damascus. "Oil prices look set for further upside in the short term as a more…