Oil Sprints to a 5-Month High While Tech and Crypto Stumble

Brent crude touched $115.84 on Friday, its highest level since May. Houthi attacks on Saudi Arabia and fears of new US strikes on Iran drove the move. Other energy prices were mixed, Trading Economics data show: West Texas Intermediate (WTI) crude rose 1.35% on the day to $100.81. Heating oil gained 1.48% to $5.01 per gallon. US natural gas fell 2.86% to $2.72 per million British thermal units (MMBtu). The rally landed on markets still shaken by a tech selloff. Crypto also slipped as investors pulled back from risk. Gulf Attacks Put a Risk Premium Back on Oil Yemen’s Houthis said they hit Saudi energy targets, including an Aramco site in Yanbu and the Shaybah oilfield. Aramco later ordered staff out of its Dhahran headquarters on the Gulf coast.

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