Global crude oil futures surged over 3% on Friday as an intercepted missile strike on Saudi Arabia's Yanbu export terminal, fresh Ukrainian drone attacks on Russian refining, and persistent US stock draws propelled benchmarks to multi-month highs.
Global crude benchmarks diverged on Thursday, with Brent edging lower as investors weighed potential US sanctions relief against escalating Middle East tensions, while US West Texas Intermediate (WTI) rallied on a sharper-than-expected draw in US crude inventories.