Oil prices climb at close, post strong weekly gains
Oil prices ended the week higher, recording significant weekly gains as Middle East supply disruptions continued to impact the market.
Key Takeaways
AIOil prices rose at the close on Friday, posting strong weekly gains as supply routes in the Middle East remained affected.
Brent crude futures increased by 76 cents, or 0.8%, to settle at $92.68 per barrel.
US West Texas Intermediate crude contracts ended up 18 cents, or 0.20%, at $91.48 per barrel.
Notable weekly gains for oil
Over the week, Brent crude rose by 7.6%, while US crude gained about 10%, supported by ongoing tensions impacting oil supplies in the region.