Oil prices up on US-Venezuela tensions, but set for weekly decline

Core Viewpoint - Oil prices increased on Friday due to heightened supply concerns stemming from the potential U.S. interception of more Venezuelan oil tankers, although they are still projected to decline for the week amid optimism regarding a possible peace agreement between Russia and Ukraine [1] Group 1 - Oil prices rose on Friday as supply concerns intensified [1] - The increase in oil prices is linked to the U.S. potentially intercepting more Venezuelan oil tankers [1] - Despite the rise on Friday, oil prices are on track for a weekly decline [1] Group 2 - There is growing optimism about a possible peace agreement between Russia and Ukraine, which is influencing market sentiment [1]