Brent crude climbs to about $116-$117 a barrel as Iran war continues
Global oil prices reached their highest level in months on Friday, with investors worried the war in Iran could escalate.
Oil prices rose on Friday to their highest level in months. The Hill reports Brent crude futures, the international benchmark, traded at $116 a barrel on Friday morning. The New York Times puts the global price at $117.
The Hill says U.S. benchmark WTI traded at about $102. It describes the war in Iran as now in its eighth month.
The Times says investors are increasingly concerned that the war could escalate again, which would put energy supplies at greater risk.
The outlets differ on the last time prices were this high. The Hill says May. The Times says April.
Reported by
- The HillOil prices hit highest point since MayFri, Oct 23, 10:58 AM EDT
- The New York TimesGlobal Oil Price Hits $117 a Barrel, Highest Since AprilFri, Oct 23, 12:14 PM EDT
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