Oil prices firm as U.S. inventories decline

OPEC+ impasse fuels supply uncertainty

Oil prices rose for a second day on Friday as data showed a draw in U.S. inventories but were heading for a weekly loss amid uncertainty over global supplies after an OPEC+ impasse. Brent crude oil futures were up 36 cents, or 0.5%, at $74.48 a barrel by 1220 GMT. U.S. West Texas Intermediate futures were up 54 cents, or 0.7%, at $73.48. Prices on both sides of the Atlantic were on track for a more than 2% weekly drop, dragged down by the collapse of output talks between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, together known as OPEC+.