By Robert Harvey and Enes Tunagur LONDON (Reuters) -World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said on Thursday,

The Dow and S&P 500 gained Thursday as the stock market weighed retail earnings and economic data. The Nasdaq fell, snapping its six-day win streak.

Tariffs and weak oil prices have ground deal making to a halt, but private equity has the dry powder ready to fire as the turmoil subsides.

BEIJING (Reuters) - Oil prices edged up on Friday following a sharp drop in the previous session, heading for a weekly gain of more than 1% as U.S.-China trade optimism outweighed the prospects of Iranian supply returning to the market.

Oil futures rise for a fourth straight session on improved sentiment after the U.S. and China agreed to cut tariffs for 90 days, which has eased concerns about loss of demand at a time when OPEC+ is raising output.

During today's trading session, Oil India shares experienced a price surge, with the stock price increasing by 2.26% to reach Rs 416.65. This movement has placed the stock among the top gainers in the NIFTY MIDCAP 150 index.

Oil prices climbed about 3% on Tuesday on signs of higher demand in Europe and China, lower production in the U.S., tensions in the Middle East and as buyers emerged the day after prices fell to a four-year low.