Oil prices higher as supply disruptions stay in the spotlight

Oil futures rallied Friday in early Asia trading Friday, as the dollar steadied and traders continued to focus on the prospect of supply disruptions.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in June CLM6, +1.02%  traded at $48.68 a barrel, up 52 cents, or 1%, in the Globex electronic session. July Brent crude LCON6, +0.76%  on London’s ICE Futures exchange rose 37 cents, or 0.8%, to $49.`8 a barrel.

The gains follow a quiet session for the oil markets in New York on Thursday, ending little changed in the wake of another unexpected increase in U.S. crude stockpiles.

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