Oil prices hit five-month high as Middle East conflict fears intensify

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GB News

Oil prices hit five-month high as Middle East conflict fears intensify

Oil prices climbed to their highest level in five months on Friday as tensions intensified across the Middle East. Brent crude rose above $114 a barrel, increasing concerns about higher fuel and transport costs. December Brent futures reached $114.64 a barrel after jumping four per cent on Thursday. US West Texas Intermediate crude also rose above $100. The rally followed further attacks by Yemen's Iran-aligned Hou…