Oil prices rose in choppy trade on Friday, supported by a weaker dollar, but the gains were capped by fears of a worsening global glut. Oil is heading for a third weekly loss in a row after data showed U.S. crude supplies near a record while warmer weather is sapping demand for the commodity. It adds to the long-term woes for oil, which has dropped by around 40% this year as the global glut has showed few signs of abating. Brent crude, the global oil benchmark, rose 0.9% to $37.39 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.1% at $34.97 a barrel. Earlier this week, both benchmarks fell to their lowest level in seven years. A weaker dollar provided a boost for oil on Friday with The Wall Street Journal Dollar Index, which tracks the dollar […]