Business
Oil Prices Rise for Fourth Straight Weekly Gain
Brent crude, the global benchmark, rose 2.7% Friday to end the week at $103.14 a barrel, its highest settlement value since August 2022. Since the attacks between the U.S. and Iran started nearly two weeks ago, Brent prices have surged 42%.
For the week, Brent rose 11% in its fourth consecutive week of gains.
U.S. crude futures rose 8.6% for the week to close at $98.71 a barrel. They rose 3.1% on Friday. They’ve now risen in 10 of the past 11 sessions and stand at their highest level since July 2022.