Oil rises as concerns about supply disruptions in Venezuela, Iran increase

Core Viewpoint - Oil prices have increased for a second consecutive day, indicating a potential third weekly gain, driven by uncertainties regarding future supply from Venezuela and rising concerns about output due to unrest in Iran [1] Group 1: Oil Price Movement - Oil prices are on track for their third weekly gain, reflecting a positive trend in the market [1] - The increase in oil prices is attributed to uncertainties surrounding Venezuelan supply [1] - Concerns about Iranian unrest are contributing to fears regarding oil output in that region [1]