Brent Climbs to $110 as Attacks Threaten Global Oil Flows
Photo: TokenPost
Brent crude touched $110 a barrel Friday for the first time since May as Iran escalated attacks near the Strait of Hormuz and Ukraine threatened renewed strikes on Russian refineries, adding pressure to global oil supplies. Brent futures settled at $109.86, up 3.7%. U.S. West Texas Intermediate (WTI) crude finished at $101.41, up 3.5%. Over the week, WTI climbed more than 10% and Brent gained nearly 5%. At least nine tankers and cargo ships have come under attack near Hormuz since Sunday.
Source: TokenPost
