Oil prices ticked up again on Friday after climbing 4% to a five-month high in the previous session, as Houthi attacks on top exporter Saudi Arabia raised concerns over further disruptions to energy supplies.
Brent crude futures rose 50 cents, or 0.45%, to $114.02 a barrel, while US West Texas Intermediate (WTI) crude gained 40 cents, or 0.42%, to $100. WTI was on track to end a two-week winning streak with a weekly loss. Brent, which settled at its highest level since May 4 on Thursday, was set to gain for a third consecutive week.
