The continuation of the upward trend in global oil prices following the report of oil tankers hitting mines in the Strait of Hormuz.
Oil prices continued to rise on Friday after reports of several oil tankers hitting sea mines in the Strait of Hormuz.
These incidents once again highlighted the risk of disruptions in oil supply and transportation.
The price of Brent crude oil for December delivery rose by $1.20 to $116.8 cents per barrel.
The price of West Texas Intermediate crude oil rose 1 dollar and 37 cents to 103 dollars and 37 cents a barrel.
The price of Brent oil has increased since the beginning of the month by almost 11%, and the price of American crude oil has increased by 14%.