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Oil prices rose on Friday due to a stronger dollar and robust fuel demand, with Brent crude reaching $85.77 per barrel. The increase in oil prices was driven by a 0.6% gain in Brent futures for August delivery, while U.S. crude futures climbed 0.8% to $81.38 per barrel.

The rise in oil prices comes amidst a backdrop of increasing demand for fuel and a stronger dollar, which has put pressure on commodity prices. The global market is closely watching the developments in the oil sector, as it has a significant impact on the overall economy.

Investors and analysts are keeping a close eye on the oil market, as any fluctuations in prices can have ripple effects on various sectors and industries. The current rise in oil prices is seen as a positive sign for the energy sector, but it also raises concerns about inflation and its impact on consumer spending.

Overall, the oil market remains volatile, and market participants are advised to stay informed and monitor the latest developments to make informed investment decisions. Stay tuned for more updates on the oil market and other key market news.