Oil Rises as Investors look past Possible Reserve Releases

Oil prices rose on Friday, after wild swings the day before, as investor bet that potential coordinated releases by major economies of their official crude reserves may have less of an impact on markets than expected.

Brent crude was up 77 cents, or 0.9%, at $82.01 a barrel by 0733 GMT, after falling to a six-week low on Thursday before rebounding to close 1.2% higher.