Oil Surges More Than $3 to Six-Month High

Oil prices rose by more than $3 at settlement on Saturday, reaching their highest level in nearly six months amid concerns over further disruptions to energy supplies from the Middle East.اضافة اعلان

According to Bloomberg, Brent crude futures climbed $3.55, or 3.14 percent, to settle at $116.72 per barrel, their highest level since April 29.

U.S. West Texas Intermediate (WTI) crude futures rose $3.80 to $103.27 per barrel. Brent ended the week up 6 percent, while WTI gained 2.3 percent over the week.