Oil prices gain on Middle East supply concerns

 
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Oil prices rose on Friday as investors weighed supply concerns in Middle East, although signs of weakened demand, particularly in China, limited gains.
 
Brent crude futures for October delivery , which expire on Friday, were up 39 cents, or 0.5%, at $80.33 a barrel by 0630 GMT. The more actively traded contract for November rose 34 cents, or 0.4%, to $79.16. 
U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $76.21.
Both benchmarks settled more than $1 higher on Thursday on oil supply concerns, up 1.6% and 1.8% respectively for the week so far.
 
Source: Reuters