Oil hits its best level in more than 3 years
Carlos Garcia Rawlins/Reuters
- West Texas Intermediate crude oil hit the highest level since 2014 early Friday morning.
- The surge comes after a volatile week in the Middle East.
- Follow oil prices in real time here.
Oil prices jumped to a three-year high early Friday morning.West Texas Intermediate crude rose to $67.76 a barrel - a peak going back to December 2014 - around 5 a.m. ET before falling back below $67.00. Brent crude oil, the international benchmark, was trading at $72.30.Advertisement
The uptick in prices came on the back of heightening tensions in the Middle East. Saudi Arabia, the biggest oil exporter, reportedly shot down at least three ballistic missiles sent by pro-Iranian Yemens on Wednesday.
Get the latest Oil WTI price here.