Mubasher: Oil prices went down on Friday, after data showed another increase in the US oil rigs.

Nymex futures for June delivery went down by 0.9% to $70.70 per barrel, recording the second weekly gain in a row by around 1.4%.

Brent futures decreased by 0.6% to settle near $76.9 a barrel.

Crude oil prices were supported by the rising geopolitical tensions following the decision of the United States President to withdraw from the Iran nuclear deal.

Oil rigs in the United States increased by 10, as Baker Hughes weekly report showed.