NewzOil prices remained relatively stable during early Asian trade on Friday, following a four percent increase in the previous session that drove prices to a five-month high. The sustained high price levels and market stagnation are driven by ongoing concerns regarding potential energy supply disruptions.
These supply concerns follow recent Houthi attacks targeting Saudi Arabia, the world's top oil exporter. Amid this geopolitical tension, Brent crude futures experienced a slight decline of 21 cents, or 0.2 percent, trading at $112.9.
In-depth summary · AI, neutral