Oil Prices Rise as Brent Holds Above $114 a Barrel
Brent crude futures rose 1.1% to $114.39 a barrel Friday as traders weighed renewed U.S.-Iran hostilities and attacks on Saudi energy infrastructure against recovering Middle East oil supplies.
Oil prices advanced Friday, with Brent crude remaining above $114 a barrel. Traders assessed the possibility of renewed U.S.-Iran hostilities and additional attacks on Saudi energy infrastructure alongside a recovery in Middle East oil supplies. December Brent crude futures gained 1.1% to $114.39 a barrel.