Home Business Oil rises 1 percent on tightening crude supply, upbeat economic data Business Oil rises 1 percent on tightening crude supply, upbeat economic data By Genpie - April 12, 2019 170 0 Facebook Twitter Google+ Pinterest WhatsApp Oil prices rose 1 percent on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese economic data eased concerns about waning crude demand.