Oil prices rose early on Friday, with Brent jumping back above $50 per barrel, as investors positioned themselves for more price increases this year in expectation of a tighter market. International Brent crude oil futures were trading at $50.04 per barrel at 0026 GMT, up 33 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude was up 28 cents at $48.61 a barrel. Traders said the higher prices were a result of a tightening physical market, in which large oversupply that led to the 2014-2016 price slump was now being brought back into balance. A further easing of monetary policy expected on the back of Asia’s slowing economies and because of Britain’s vote to leave the European Union was also seen as a reason for financial traders to put money into commodities, […]