AFP, New York :Oil prices rose Friday, with the New York contract stabilizing, as traders braced for a weekend that could see escalating geopolitical tensions in Ukraine and the Middle East.The US benchmark futures contract, West Texas Intermediate (WTI) for September, edged up two cents to $102.09 a barrel.In London, Brent North Sea crude for delivery in September settled at $108.39 a barrel, leaping $1.32 from Thursday’s closing level.Traders were making some “readjustment” to the WTI price after it fell by $1.05 Thursday, said Bob Yawger of Mizuho Securities.On Wednesday the US contract gained 73 cents after a report by the US Energy Information Administration said US crude inventories tumbled by four million barrels in the week ending July 18, the fourth consecutive weekly decline and far larger than expected.
