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New York, October 24 (QNA) – Brent crude rose 3.14% to $116.72 a barrel amid fears of further disruption to energy supplies.
Oil prices climbed by $3.55 a barrel at Friday’s settlement, reaching their highest levels in nearly six months amid concerns over further disruption to energy supplies from the Middle East.
US West Texas Intermediate (WTI) crude futures gained $3.80, or 3.8%, to close at $103.27 a barrel.
Both benchmarks recorded weekly gains, with Brent rising 6% over the week and WTI advancing 2.3%. (QNA)