Oil was up on Friday morning in Asia. However, ongoing protests in Kazakhstan prompted fears of a disrupted crude supply from the Organization of the Petroleum Exporting Countries and allies (OPEC+) producer alongside decreased production in Libya.
Brent oil futures rose 0.74% to $82.60 by 10:12 PM ET (3:12 AM GMT) and WTI futures rose 0.79% to $80.09. Both Brent and WTI futures were above the $80 mark, and on track to post a 6% gain in the first week of 2022, with prices at their highest since late November 2021.
