Oil Continues to Rise Amid Growing Supply Disruption Fears; Brent Surpasses $114
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Qiyas summary
Oil prices rose today amid escalating fears of further disruptions to energy supplies from the Middle East.
Translated by Qiyas from الأنباء — Original source
Oil prices rose today (Friday) amid growing concerns over further disruptions to energy supplies from the Middle East.
Brent crude futures climbed $1.30, or 1.2%, to $114.47 per barrel, while US West Texas Intermediate (WTI) crude futures gained $1.37, or 1.4%, to $100.84 per barrel.
Brent crude, which hit its highest level since May 4 at Thursday’s settlement, is set to close the week higher for a third consecutive week. WTI crude is poised to decline, ending a two-week winning streak.
