Oil climbs as Middle East tensions offset demand worries

NEW YORK (Reuters) - Oil prices rose about 1 percent on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand.Benchmark crude prices notched weekly declines, having fallen sharply earlier in the week on demand worries.Brent crude futures settled 54 cents higher at $62.47 a barrel. West Texas Intermediate crude futures rose 24 cents to end the session at..