Pakistan, June 6 -- Oil prices rose on Friday, paring sharp losses from the previous session, after Hezbollah rejected a new Lebanon ceasefire proposal and Oman's Mina al Fahal terminal suspended oil loadings following an explosion.

Brent crude futures rose 33 cents, or 0.35%, to $95.36 a barrel by 0408 GMT after settling down 2.84% in the previous session.

US West Texas Intermediate crude was at $93.06 a barrel, up ?2 cents, or 0.02%, following a 3.1% loss on Thursday.

Both contracts are set to post their first weekly gain in three weeks, with WTI up more than 6%, after fighting flared up in the Middle East as US-Iran war peace talks dragged on while traffic in the Strait of Hormuz, where a fifth of the world's oil passes, remained li...