Oil Climbs 2% to $117.14 as Hormuz Tanker Attack Raises Supply Fears
Brent crude for December rose about 2% to $117.14 a barrel Friday and was on track for a fourth consecutive monthly gain. A tanker attack in the Strait of Hormuz heightened concerns that the U.S.-Iran conflict could disrupt a key energy chokepoint.
Oil prices climbed Friday and were on track for a fourth consecutive monthly gain after a tanker attack in the Strait of Hormuz intensified concerns that the U.S.-Iran conflict could disrupt one of the world's most important energy chokepoints.Brent crude for December rose about 2% to $117.14 a bar…