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Oil prices jump three dollars on Middle East attacks

Oil prices settled more than three dollars higher on Friday following Houthi attacks in Saudi Arabia and an oil spill off the coast of the United Arab Emirates. The rise brought Brent crude to its highest level since April as supply disruption fears grew.

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Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo

Brent Crude Oil settled $3.55 higher at $116.72 a barrel on Friday, marking its highest finish since April 29 amid escalating Middle East supply disruptions. The surge followed Houthi attacks on energy infrastructure in Saudi Arabia and a newly reported oil spill off the coast of the United Arab Emirates .
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