Brent crude futures gain $3.10 to $107.31 a barrel; US West Texas Intermediate futures up $3.56 at $101.63.

Crude oil prices rose as fading U.S.-Iran peace hopes, tighter OPEC supply, and rising fuel costs deepened market anxiety.

Oil futures pushed higher for a third consecutive session as traders weighed the consequences of the US-Iran stalemate over the Strait of Hormuz.

Brent crude futures gain $3.10 to $107.31 a barrel; US West Texas Intermediate futures up $3.56 at $101.63.

HOUSTON: Oil prices gained more than 3 per cent on Friday, climbing more than $3 a barrel, after comments by US...