Industry News
Brent Crude Hits Highest Level Since April on Regional Attacks, UAE Oil Spill
Brent crude climbed to an intraday high of $117.45 per barrel on Friday following Houthi attacks on energy infrastructure in Saudi Arabia and a reported oil spill off the UAE coast. Brent futures gained 2.81% to reach $116.35, while US West Texas Intermediate rose 3.52% to $102.97. UAE authorities confirmed a tanker spill off Umm Al Quwain, though the vessel and cause remain unidentified.
