Oil prices surged Friday as Brent Crude surpassed $96 and WTI neared $99 a barrel, driven by renewed Middle East supply risks. Attacks on Saudi energy infrastructure and ongoing uncertainty around the Strait of Hormuz have disrupted production and added a significant risk premium to global markets. Oil prices surged Friday as Brent Crude surpassed $96 and WTI neared $99 a barrel, driven by renewed Middle East supply risks. Attacks on Saudi energy infrastructure and ongoing uncertainty around the Strait of Hormuz have disrupted production and added a significant risk premium to global markets.
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Oil prices today: Crude climbs amid attack on Saudi facilities; US-Iran ceasefire on edge
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