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Economy

Oil prices rise by more than 7.7%

Oil prices recorded a significant increase at settlement on Friday, amid concerns over supply disruptions as the war in the Middle East continues. Brent crude futures rose by $7.87, or 7.78%, to settle at $109.03 per barrel. U.S. West Texas Intermediate (WTI) crude futures also climbed by $11.42, or 11.41%, to reach…

Oil prices rise by more than 7.7%

Oil prices recorded a significant increase at settlement on Friday, amid concerns over supply disruptions as the war in the Middle East continues.

Brent crude futures rose by $7.87, or 7.78%, to settle at $109.03 per barrel. U.S. West Texas Intermediate (WTI) crude futures also climbed by $11.42, or 11.41%, to reach $111.54 per barrel.

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