Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe. The Organization of the Petroleum Exporting Countries (OPEC) and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed U.S. crude inventories dropped more than expected last week. Brent crude rose 33 cents, or 0.5%, to $71.64 a barrel by 0812 GMT. It reached an intra-day high of $71.99 on Thursday for its highest since May 2019. U.S. West Texas Intermediate crude was up 22 cents, or 0.3%, at $69.03. “After much dilly-dallying, Brent appears to have found a new home above $70,” said Stephen Brennock of oil broker PVM. “Summer and the reopening of the global economy is bullish for oil demand in the second half of the year.” […]