Oil prices rose, heading for a fourth consecutive monthly gain following an attack on a tanker in the Strait of Hormuz.
Oil prices rose on Friday, heading for a fourth consecutive monthly gain following an attack on a tanker in the Strait of Hormuz, highlighting ongoing supply risks stemming from the US war against Iran, which has entered its eighth month. 
Brent crude is on track to gain around 11% this month, while US crude is heading for a 14% surge.
The UK Maritime Trade Operations (UKMTO) said a tanker in the Strait of Hormuz had been attacked with explosive devices attached to it by a small boat. The party responsible for the attack was not immediately clear, Reuters reported.
Markets are awaiting the release of US oil and gas rig count data by Baker Hughes later today to assess the outlook for US supplies.
Changes in Global Benchmark Crude Oil Futures
Crude
Price (USD/barrel)
Change (USD)
Change (%)
Brent (December delivery)
116.43
+1.55
+1.35%
NYMEX (December delivery)
103.36
+1.36
+1.35%
Oil prices rose, heading for a fourth consecutive monthly gain following an attack on a tanker in the Strait of Hormuz.
Oil prices rose on Friday, heading for a fourth consecutive monthly gain following an attack on a tanker in the Strait of Hormuz, highlighting ongoing supply risks stemming from the US war against Iran, which has entered its eighth month.
Brent crude is on track to gain around 11% this month, while US crude is heading for a 14% surge.
The UK Maritime Trade Operations (UKMTO) said a tanker in the Strait of Hormuz had been attacked with explosive devices attached to it by a small boat. The party responsible for the attack was not immediately clear, Reuters reported.
Markets are awaiting the release of US oil and gas rig count data by Baker Hughes later today to assess the outlook for US supplies.
Changes in Global Benchmark Crude Oil Futures
Crude
Price (USD/barrel)
Change (USD)
Change (%)
Brent (December delivery)
116.43
+1.55
+1.35%
NYMEX (December delivery)
103.36
+1.36
+1.35%
