Crude oil futures rose on Friday, with Brent reaching $113.50 per barrel, up 0.7%, and West Texas Intermediate trading at $100.24, gaining 0.8%. Brent was on track for a 3.3% weekly increase and a third consecutive weekly gain, while WTI was set to decline 1.1%. Donald Trump accused Iran of fabricating attacks against ships to drive up oil prices before the U.S. midterm elections. Iran’s Islamic Revolution Guards said four vessels had been struck and three others had hit mines in the Strait of Hormuz, while the military said it was prepared for asymmetric warfare. Saudi Aramco also instructed staff to evacuate its Dhahran headquarters and work remotely following attacks by the Houthis, which resulted in several fatalities in the country.
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