16 Hrs
Source:
عين ليبيا
Oil tops $114 as gold declines
Oil prices rose significantly during Friday's trading session, driven by escalating concerns over energy supply disruptions in the Middle East following the Houthi attacks on Saudi Arabia. Brent crude increased by 1.18% to reach $114.40 per barrel, while West Texas Intermediate rose by 1.38% to $100.80. Brent continues to record gains for the third consecutive week, whereas WTI is heading toward ending its two-week upward trend. These developments have heightened geopolitical risk premiums on oil prices, with expectations of continued escalation in the Gulf region.
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