LONDON - Oil prices rose on Friday, supported by concerns about the impact on crude supplies from the turmoil in Egypt that has claimed the lives of almost 600 people. Investors are closely watching whether the latest unrest in Egypt will escalate and affect stability in the neighbouring and oil-rich Middle East region. Brent North Sea crude for delivery in Oct gained 43 cents to stand at $110.01 in London midday deals. New York's main contract, West Texas Intermediate for Sept, advanced 26 cents to $107.59."

Oil prices advanced ... on worries that escalating violence in Egypt could impact the oil shipment along Suez Canal or spread across the Middle East, where supplies already face disruptions," said Lee Chen Hoay, investment analyst at Phillip Futures.