Doha:Oil prices surged to their highest levels in nearly six months, driven by concerns over potential disruptions to energy supplies from the Middle East. Brent crude increased by 3.14%, reaching $116.72 per barrel.

According to Qatar News Agency, US West Texas Intermediate (WTI) crude futures saw a significant gain of $3.80, or 3.8%, closing at $103.27 per barrel. This rise in oil prices was observed at Friday's settlement.

Both Brent and WTI benchmarks recorded weekly gains, with Brent crude rising by 6% over the week and WTI advancing by 2.3%. The increase in prices reflects heightened apprehensions about the stability of energy supply chains in the region.