Brent crude oil reached $110 per barrel during trading on Friday, marking its highest level since May. This surge occurred amid strong weekly gains in global oil markets.
At settlement, Brent crude futures increased by $3.94, equivalent to 3.7 percent, closing at $109.86 per barrel. This represents the highest closing price since May 19.
Meanwhile, West Texas Intermediate (WTI) crude futures rose by $3.44, or 3.5 percent, reaching a settlement price of $101.41 per barrel. This closing price is the highest since September 17.
On a weekly basis, Brent crude saw an increase of 4.9 percent, while West Texas Intermediate recorded gains of 10.4 percent. These fluctuations reflect the ongoing volatility in global energy markets.
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