Brent crude held above $65 a barrel on Friday as renewed supply disruption from Africa
Oil prices held above $65 a barrel on Friday as renewed supply disruption from Africa compounded worries about insufficient gasoline stock levels in the United States, just weeks ahead of peak summer driving season.
London Brent crude for the June contract rose one cent to $65.80 a barrel by 0613 GMT. It rose 59 cents on Thursday after a fire shut down a Congolese oilfield and more violence in Nigeria raised supply risks there.
US light crude slipped 5 cents to $61.76.
"People are concerned about US gasoline supply, which is in a big deficit versus last year and the five-year average. They are worried that even if runs do increase, stocks may be behind the normal curve," said Tony Nunan from Mitsubishi Corp.
At 89 percent of capacity, refinery operations remain below the 90 percent level that analysts say would give more comfort to the market before summer travel begins at the end of May.