Oil prices continued to gain for the second consecutive session during Friday’s trading, as markets await developments in the Middle East. Investors remain skeptical about an imminent resolution to the conflict, which has disrupted approximately a quarter of the world’s oil and gas supplies since the beginning of March.
Oil prices ended Thursday’s trading up by more than 5%, recovering losses from the previous session as concerns over continued supply disruptions resurfaced.
By 08:04 AM Algeria time, Brent crude futures for May 2026 delivery rose by 0.43% to reach $108.47 per barrel.
Simultaneously, West Texas Intermediate (WTI) crude futures for May 2026 delivery increased by 0.03% to $94.51 per barrel.
WTI futures, which have surged 40% since the United States and Israel launched strikes on Iran on February 28, have decreased by 4.6% this week.
