Oil prices rallied sharply on Friday, with both major crude benchmarks posting gains of more than 3% and ending the week significantly higher amid continued volatility in global energy markets.
Brent Crude futures rose $3.54, or 3.35%, to settle at $109.26 per barrel.
Meanwhile, West Texas Intermediate crude futures climbed $4.25, or 4.2%, to close at $105.42 per barrel.
For the week, Brent advanced 7.84%, while WTI surged 10.48%, reflecting growing concerns around supply dynamics, geopolitical tensions, and tightening market conditions.
The strong gains extended a volatile trading period for oil markets as investors continued to monitor global supply risks, refinery activity, and broader macroeconomic developments impacting energy demand.
Analysts said the sharp weekly rise also contributed to renewed inflation concerns across global markets, with higher energy prices likely to influence expectations around central bank policy and consumer price pressures in major economies.
