Oil prices moved higher on Friday as uncertainty over plans to reopen the Strait of Hormuz continued to unsettle energy markets, with proposed restrictions on shipping through the strategic waterway raising doubts over how quickly normal crude flows can resume, according to a report by Reuters.
Brent crude futures were up 0.97% at $83.29 a barrel by 0303 GMT, while US West Texas Intermediate gained 0.83% to $77.93.
The gains followed a sharp rally on Thursday, when both benchmarks settled more t...
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