India, July 18 -- Oil held a gain on Friday after drone attacks on Iraqi oil fields and recent data pointing to sustained market tightness. A weaker dollar and Fed rate cut hopes also boosted prices.
Brent crude futures for September delivery climbed 0.6 percent to $69.95 a barrel in European trade, while WTI crude futures were up 0.9 percent at $68.12.
Simmering tensions in the Middle East and strong summer demand boosted oil prices. A drone loaded with explosives struck an oil field in Iraq's northern Kurdistan region on Thursday, leading to a suspension of production.
Several oil fields in the region have been hit in the space of a week, prompting supply concerns.
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