Oil prices reached 115 dollars

Oil continued its rise on Friday, after rising 4 percent in the previous session and reaching a five-month peak, on concerns that Houthi attacks on Saudi Arabia could lead to new disruptions in energy supply. Brent oil rose nearly 2 percent in the afternoon, reaching $115.

Oil prices hit $115.

Oil continues to rise today, after rising 4 percent in the previous session and reaching a five-month peak, on concerns that Houthi attacks on Saudi Arabia may lead to new disruptions in energy supply.

While Brent oil futures decreased by 0.2 percent in the morning to $112.96 per barrel, it increased by nearly 2 percent in the afternoon and exceeded $115. Thus, oil reached its peak in 5 months.

Brent oil rose nearly 4 percent this week.

While US crude oil (WTI) was traded at $98.12 with a loss of 0.3 percent in the morning hours, it later rose and exceeded $101.

Brent oil is expected to complete the third consecutive week with an increase.