Oil Gains Ground as Brent Surpasses $116
Qiyas summary
Oil prices rose to their highest level in six months amid Middle East tensions and an Emirati leak.
Translated by Qiyas from النهار — Original source
Oil prices rose by more than $3 at settlement, hitting their highest settlement level in nearly six months amid concerns over further disruptions to energy supplies from the Middle East, as UAE authorities also announced an oil spill. Brent crude futures surged 6%, or $3.55, or 3.14%, to settle at $116.72 per barrel, their highest level since April 29.
