Brent crude extends rally to $114, highest since May, pressuring markets
Published 11 h ago6 sourcesEvidence: Reported
North Sea oil prices surpassed $117 per barrel on Friday, reaching levels not seen since late May. The rise reflects tightening supply conditions and geopolitical risk premium, though the specific drivers are not detailed in the source. This marks a notable escalation in energy prices, which could feed into inflation and affect global growth.
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