Oil closes in on $100 a barrel as European storage sites hit by cyber attacks
Brent Crude oil continued its push to $100 a barrel on Friday despite a string of cyber attacks on European storage sites this week.
Oil prices were more than $92 in early trade, a rise of 1.3%, pulling up oil majors such as Shell and BP. Both companies climbed 3% on the day to the top of the FTSE 100 just a day after Shell reported that annual profits quadrupled last year, Reuters reported.
The climb meant that Brent was at its highest level in more than seven years, since October 2014.
As oil prices head for their seventh weekly gain, West Texas Intermediate (WTI) also hit a fresh seven-year high as it neared $91 a barrel. It is on track for a jump of more than 4% this week.
