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Brent rises to 117.64 dollars, highest in six months

By , based on Maghreb Emergent

Brent rises to 117.64 dollars, highest in six months

Brent closed 2.4% higher at 117.64 dollars a barrel, while WTI gained 2.08% to 104.12 dollars. Prices rose after an attack on an oil tanker in the Strait of Hormuz and amid risks to supplies, according to Reuters.

North Sea Brent for December delivery closed 2.4% higher at 117.64 dollars a barrel on Friday 30 October, its highest level in six months, according to Reuters. West Texas Intermediate (WTI), the US benchmark, rose 2.08% to 104.12 dollars.

The rise followed reports of an attack on an oil tanker in the Strait of Hormuz, a strategic passage for global hydrocarbon transport. Markets also reacted to reports of attacks attributed to the Houthis on Saudi energy facilities, amid concerns about the security of supplies, Reuters reports.

Over the month of October as a whole, Brent gained 13.6%, while WTI rose 15.2%, according to Reuters.

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