Oil futures rose on Friday, with U.S. commodity prices up over 2% in the past week. Han Tan, Exinity Group’s chief market analyst, said that oil prices are “rejoicing in the prospect of [Federal Reserve] rates rising soon, and taking advantage the recent decline of the U.S. Dollar.” The fundamental picture is also supported by the supply cuts from Saudi Arabia and Russia. However, China’s rocky economic recovery continues to cloud the oil outlook.