LONDON, Nov 29: Global oil prices rose on Friday in subdued deals after the Thanksgiving holiday in the United States, with investors increasingly concerned over growing US crude stockpiles, analysts said.

New York’s main contract, West Texas Intermediate (WTI) for delivery in January added $1.28 to $93.58 per barrel.

Brent North Sea crude for January firmed seven cents to stand at $110.93 in London late afternoon deals.

“Crude oil prices continue their consolidation mode on Friday,” said analyst Myrto Sokou at the Sucden Financial brokerage in London.

“Due to the absence of major US macroeconomic data today, investors could have a standby approach to the oil market, as crude prices are struggling to find some direction.”

Crude futures had drifter lower on Thursday with many US traders away for Thanksgiving.

“There hasn’t been much market movement ... with few leads after the US Thanksgiving holiday,” Desmond Chua, market analyst at CMC Markets in Singapore, told AFP.