Brent crude tops $110 a barrel for first time since May as prices surge
Brent crude reached $110 a barrel on Friday, its highest close since May, as both Brent and WTI futures posted significant gains.
Key Takeaways
AIBrent crude saw a sharp rise on Friday, touching $110 a barrel for the first time since last May.
Brent futures settled up $3.94, or 3.7%, at $109.86 a barrel, marking the highest closing price since May 19.
US West Texas Intermediate (WTI) futures also climbed, rising $3.44, or 3.5%, to settle at $101.41 a barrel, the highest close since September 17.
Since the start of the week, Brent crude has gained 4.9%, while WTI has surged 10.4%.