Oil Prices on Track for First Weekly Rise in 2 Months

LONDON—Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency (IEA) on oil demand for next year and a weaker dollar. Brent futures rose 21 cents to $76.82 a barrel at 0918 GMT. U.S. West Texas Intermediate (WTI) crude also climbed 21 cents, to $71.79. Both benchmarks were on course for a modest weekly gain, having been lifted by a mid-week announcement from the U.S. Federal Reserve that it could cut borrowing costs next year. The dollar fell to a four-month low on Thursday after the U.S. central bank indicated interest rate…