MUSCAT : Oil prices rose in early trading on Friday as escalating attacks in the Middle East heightened concerns over supply shortages, according to a report by Reuters.
Brent crude futures gained 86 cents, or 0.75%, to $115.74 a barrel, while U.S. West Texas Intermediate crude rose 72 cents, or 0.71%, to $102.72.
Both benchmarks were on course for a fourth consecutive monthly gain, their longest winning streak since July, the report said.
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Brent was heading for a monthly rise of nearly 14%, while WTI was set to gain about 15%. Both were on track to finish the month above $100 a barrel for the first time since April.
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