- September 11, 2026
- Posted by: Tresmark
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Oil prices climbed on Friday, with Brent and West Texas Intermediate (WTI) crude on track to finish the week above $100 per barrel for the first time since mid-May.
The gains came as escalating attacks along key shipping routes in the Middle East raised concerns over potential disruptions to global oil supplies and the possibility of a prolonged supply shock.
Brent crude futures increased $1.05, or 1%, to $108.68 per barrel by 0045 GMT, while U.S. WTI crude rose 95 cents, also 1%, to $103.45 per barrel. Both benchmarks had gained more than 6% in the previous session.
The sustained rise in crude prices highlights growing market concerns over the security of energy supply routes in the region.
