Oil prices rose more than $2 a barrel Friday, bouncing back from a dip earlier in the week as markets reacted to a fire at a massive refining complex in Venezuela and developments in Ecuador, where protesters had forced a halt to production.
News of explosions in the Jordanian Red Sea port of Aqaba and Israel also buttressed bullish sentiment.
Meanwhile, markets remained wary over Iran's nuclear ambitions, with expectations that the situation could escalate, said Sandra Ebner, commodities analyst at Deka Bank in Frankfurt, Germany.
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