Oil prices top $100 a barrel for first time since May
Oil prices surged on Friday, with Brent crude surpassing $100 a barrel for the first time in four months.
Key Takeaways
AIOil prices climbed on Friday, heading for their first weekly close above $100 a barrel since mid-May.
Brent crude rose by $1.05, or 1 percent, to reach $108.68 a barrel.
US West Texas Intermediate crude also gained 1 percent, up 95 cents, to $103.45 a barrel.
The increase follows a period of relative stability in oil prices over the past four months.