Oil prices rose for a fifth straight day on Friday, on concerns about potential supply disruptions in Iran and Iraq and recent signs of a strengthening U.S. economy.
Trading volumes were thinned in a shortened session ahead of the Christmas holiday.
Oil also found support from stronger equities on Wall Street, with the S&P 500 index turning positive for the year in a four-day rally to end up for the week, on the recent better-than-expected economic data. .N
"It's very thin trading, but stronger equities are helping oil stay up today," said Chris Dillman, analyst at Tradition Energy in Stamford, Connecticut.
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